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On my Schedule K-1/Form 1065 Box 13 has a code "K" but no money amount listed. But TurboTax keeps going back for review of this entry. No numbers in Box 13, just a code.

Forum|Forum|7 years ago
June 3, 2019
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Best answer by PatriciaV

If there is no expense relating to Box 13 Code K, you may uncheck the box so the program isn't looking for an entry.

Code K is used for portfolio deductions that should be reported on Schedule A. Be sure you check the Supplemental Information that came with Schedule K-1 to be sure there isn't something you need to report elsewhere.

PatriciaVAnswer

Employee

If there is no expense relating to Box 13 Code K, you may uncheck the box so the program isn't looking for an entry.

Code K is used for portfolio deductions that should be reported on Schedule A. Be sure you check the Supplemental Information that came with Schedule K-1 to be sure there isn't something you need to report elsewhere.

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