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A
Anonymous
October 14, 2019
Question

MLP K1, Part 3 Box 1 and Box 2

  • October 14, 2019
  • 1 reply
  • 0 views

I am entering manually k1 into TT. If I click Box 1 then box 2 never shows up and If i click box 2 then box 1 never shows up.

 

Q. Should I treat it as 2 separate k1. or  First complete K1 with box 1 then go to forms (top right) and manually enter amount into box2?

    1 reply

    A
    Anonymous_
    Employee
    October 14, 2019

    Treat as two separate K-1s. 

     

    Enter the Box 1 figure along with the figures on ALL other lines, except for Box 2.

     

    Subsequently, start another K-1 and only enter the figure from Box 2.

    A
    Anonymous
    October 14, 2019

    Why is that? why not just edit box 2 in forms once every thing is added?

    A
    Anonymous_
    Employee
    October 14, 2019

    You can most likely to that, but entering figures in Forms Mode should be reserved for cases in which it is absolutely necessary; doing so voids Intuit's accuracy guarantee and has the potential to create other issues.

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