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February 8, 2024
Question

K-1 by Activity Not Populating

  • February 8, 2024
  • 2 replies
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Schedule K-1 by Activity Supplemental Information sheet Data source says "It is computed by multiplying this partner's Schedule K-1 amount by the ratio of the amount for this activity to the total amount for this row as shown on the Schedule K By Activity Information worksheet."

 

I have completed the Schedule K By Activity Information worksheet by allocating the Schedule K distributive share items between Activity 1 and 2, but the Schedule K-1 by Activity Supplemental Information sheet is not populating the Activity 1 and 2 columns like it says it will.

 

Am I missing an additional step to get this to work, or is it a TurboTax issue?

2 replies

CatinaT1
February 12, 2024

Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem?

 

Make sure you have ran all updates. 

 

If using TurboTax Online: Clear your cache and cookies. See this FAQ, for your particular browser.

If using TurboTax Desktop: Please see this FAQ.

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Rick19744
February 12, 2024

Deleted comment as it was geared for individual returns and not business TT.

 

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.