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June 1, 2020
Question

TurboTax asking for Schedule K-1 (1120S), Part II, numbered lines

  • June 1, 2020
  • 1 reply
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I'm adding my K-1 for a business that terminated in 2019. During error checking, TurboTax is asking me to enter information from Schedule K-1, Part II, lines 2, 7 and 11. My Schedule K-1 Part II has lines D, E, F and no numbered lines. Part III has numbered lines; however, TurboTax is looking for a DATE instead of an amount for line 2. There are no dates on my K-1 at all. It seems there is a large mismatch between the form and TurboTax.

Anyone encounter this issue? Am I missing another form?

    1 reply

    DavidS127
    June 8, 2020

    You are being asked to complete the Schedule K-1 S Corporation Additional Information worksheet (K1S Addl Info 2 in Forms mode of TurboTax Download/CD).  Part II of that worksheet is Disposition of S Corporation Shares.

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