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Question

On my K-1 form 1065 Box 1 ... in box 1 turbo tax wants a dollar figure but box 1 on my K-1 shows a number 1.004. What gives?

Forum|Forum|3 years ago
March 19, 2023
2 replies
0 views

The only thing I can think of is that the decimal point is being used rather than a comma ... European style but it's not a foreign company.

TurboTax Premier Online

look at Schedule L at what it shows for current year net income.(other lines that have income/loss are included)

If all of the numbers reported on the K-1 are in that format, then you may be correct and a setting was just wrong when the K-1 was generated.

Otherwise, you should contact the entity that issued the K-1 for clarification. There could be a big difference in entering $1 versus $1004.

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