Using TT Premier Desktop - Windows
In past years, when I enter / provide values in TT for K1 Box 11 Code I Line 2, for ordinary income, TT would behind the scenes create the form 4797 entry.
The 2023 TT version for Box 11 Code I looks different - it does Line 2 anymore!
Do I need to do this manually now, OR is there another way to enter this info?
Thanks much!
the IRS changed what could be entered in box 11.
in 2022 and prior code 11(I)(2) would carry the amount to 4797 part II as ordinary income/loss
there is no similar code for the 2023 k-1 at best 11zz for which Turbotax provides no help - amount must be entered on proper form by taxpayer.
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