K1 form not working

Forum|Forum|1 year ago
April 5, 2025
2 replies
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I received a K1 form as the beneficiary of a trust. The data entered into the form is not transferred to the summary page and the taxes are not being calculated. I have used TT for years and not seen this happen. There is a glitch that needs to be fixed. NOW.

Previous discussions around percentages make no sense as I am reporting income.

DianeW777

It depends. It's important to use the Step by Step entry for your K1. Click the link for the TurboTax version you are using and the K1 information should flow to the appropriate areas of your tax return based on what income is listed.

Where do I enter a Schedule K-1 that I received?

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BayowoofAuthor

I entered all the information from myy K1 using the step by step process. The only entry that shows up on the summary is the other income. However, my total tax is adjusted based on the numbers entered. So, I assume that the calculations are correct but that the display of the data is broken.