My Schedule K-1 Partnerships shows distributions in parenthesis, do I enter that as a negagive or postive number into Turbo Tax Online?

Forum|Forum|6 years ago
June 5, 2019
2 replies
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I have always added them as negative numbers, because I assumed it was a withdraw. However I just received one from a bankrup partnership that has its distribution not only in parenthesis but also has a negative number.

TurboTax Premier Online

Irene2805

Usually negative numbers are noted with parentheses around the number OR a minus sign in front of the number -- not both.

This is most likely a punctuation mistake. Enter the number as a negative number with a minus sign in front of it.

sakh

I have a related question - so in Part 2 section L I see the withdrawals and distributions number in a parenthesis but then in Part 3 # 19 the same number is listed as a positive. Is it a positive or negative then?

AliciaP1

Part 2 is a mathematical function where the parentheses represent subtraction. Box 19 shows Partner Distributions of cash or property. When you enter your Schedule K-1 into TurboTax, you are completing Part III so enter the amounts as they show in those boxes.

@sakh

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