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Some boxes are not presented on the Schedule K-1 because they are used to report various items and they can be treated differently, or they are merely informational and are not relevant to your tax return. Because we cannot determine what the items on these lines represent, we cannot accurately transfer it to the appropriate place in your return; clicking these lines will take you to the Q&A so you can enter the appropriate information.

In conjunction with the instructions and/or attachments sent with your K-1, you will also want to review the IRS Form Instructions within the program (by clicking the IRS Form Instructions link), and review the additional help information by clicking the Info Icon  in the Q&A where available for help in determining the proper treatment, if any, of the reported amount.

For information on how to report the line items of your Schedule K-1, please refer to the IRS instructions:

IRS instructions for Schedule K-1 (1065, Partnership):
IRS Form 1065, Schedule K-1 Instructions

IRS instructions for Schedule K-1 (1120S, S Corporation):
IRS Form 1120S, Schedule K-1 Instructions.

IRS instructions for Schedule K-1 (1041, Estate):
IRS Form 1041, Schedule K-1 Instructions.


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