Question
On K-1 how do I eliminate the message "Description-1 Box 16 has been entered for more than 1 type of income?"
The codes I am entering are - B, C, D, F, G, I, J, M, Q, and U. For the Rental Income K-1, I have entered data for codes F and M. I have entered the remainder of the codes under Business Income. I am using this approach, because I had read where the two incomes could not handle general income and passive income in the same grouping. I am not an accountant. I am just trying to enter my data for reporting my income taxes.
