K1 blackstone help with box 16

Forum|Forum|7 years ago
March 12, 2019
1 reply
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I get an error on Box 16 B saying "Box 16 Description-1 has been entered for more than one type of income. Use separate K1 worksheets to report more than one type of foreign gross income sourced at the entity level." I have read the Accepted Solution for the K1 Blackstone help with box 16 but I do not have and line 16E only line 16D. I have only income listed in Box 1. Box 2 and 3 show 0. I have entered Various in 16A but I have no idea what countries would be involved. What do I do to remove this error? And what do you mean by entering separately. Are you referring to the Supplemental information?

U

urdesai

Employee

@carlsonvln wrote:
I get an error on Box 16 B saying "Box 16 Description-1 has been entered for more than one type of income. Use separate K1 worksheets to report more than one type of foreign gross income sourced at the entity level." I have read the Accepted Solution for the K1 Blackstone help with box 16 but I do not have and line 16E only line 16D. I have only income listed in Box 1. Box 2 and 3 show 0. I have entered Various in 16A but I have no idea what countries would be involved. What do I do to remove this error? And what do you mean by entering separately. Are you referring to the Supplemental information?

R

rafar

Employee

Having the same problem with block 16 Foreign Transactions...no matter how many K1's I use to separate the entries. Unable to file with the error. Since the numbers I put in don't seem to affect my tax liability I am inclined to omit them altogether and let IRS put me in jail....Jail might be better than dealing with the Blackstone K1 and TurboTax