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Employee
March 18, 2020
Question

Cannot see how to enter a K-1 worksheet for box 16 entries

  • March 18, 2020
  • 1 reply
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I am getting an error on my partnership K-1 box 16 that says "use separate k-1 worksheets to report more than one type of foreign deduction."  However, I cannot see any way to create these separate K-1 worksheets.  I used step by step to create this k-1.   Even when I go to forms, there is no option to create a k-1 worksheet.

    1 reply

    Employee
    March 18, 2020

    Go to Forms Mode.

    In the left pane at the top, click on "open form"

    In the box that appears, where the cursor is at, type in "k-1".

    Underneath click on "Sch K-1 Wks-Partnerships" to highlight it.

    Click on the blue "open form button."

    Another box will appear. Insert the same name as the original then click on the "add form" button.

    TT will return to the step-by-step.  Then under wages & income,  under "business items", schedule k-1, click on the "update" button. Work thru the screens until you get to the screen header "partnership/llc k-1 summary." Click on the edit button to bring up the new k-1.