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J
jimswander
March 18, 2022
Question

I entered all the information on my K-1, but Turbo Tax does not update and show in summary of income. Why not?

  • March 18, 2022
  • 3 replies
  • 0 views
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3 replies

A
Anonymous_
Employee
March 18, 2022

The income you enter from the K-1 is dispersed throughout your return by the program.

 

For example, interest and dividend income will appear on your 1040 (and also, possibly, on Schedule B).

    M
    Mike9241
    March 19, 2022

    if the PTP box is checked and there's a loss. it is not deductible in the current year.

    R
    rlblsb
    March 28, 2022

    Just adding to problem description -- K-1 data appears to be compete in the Forms.  It is just absent in the Income Summary.  Tax Due field was altered throughout the entry process suggesting that detail is intact.  Also using Premier edition.

      R
      RobertB4444
      March 28, 2022

      @rlbslb  Please clarify - what boxes are used on your K-1 and what income did you receive from it?

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