Skip to main content
October 2, 2019
Question

How do I deal with Sch K-1 Box 16 error "Description has been entered for more than one type of income. Use Separate K-1 worksheets..." when I have only 1 K-1?

  • October 2, 2019
  • 1 reply
  • 0 views
No text available

    1 reply

    Carl11_2
    Employee
    October 3, 2019

    What kind of K-1? 1065 K1? 1120 K1? 1120-S K1? It matters. the boxes where income is reported are labeled differently on each type.

    Next, in what boxes on whatever type of K-1 you have, do you have income/loss to report?

    patwaiteAuthor
    October 3, 2019

    Sorry...1065. Thanks.