EPD K-1 questions: how to fill up those into TurboTax
TTax provides only one line for each of the followings, but there are several numbers, wonder how to ....
Box 13 code T* STMT, there are 13T1, 13T2, 13T3 are all with positive numbers.
Box 20 code Z* STMT, there are 20Z1, 20Z2, 20Z3 are all with positive numbers.
Thanks in advance for your opinion and help on this!
If you have no taxable K-1 with non-zero 13T5 Employer's W-2 wages, I believe you can save some time as I do. Just don't bother with entering any 13T numbers. If you enter some, you will need to enter all.
Entering no 13T numbers will not make your tax less. But if no W-2 numbers, entering those 13T numbers will also not change your taxes.
Thanks Arb you are so right!
Not sure how TTax figured it out by just entering one number for 20Z1, checked form K1P additional info page seeing all 20Z1, 20Z2, 20Z3 are in place. But it looks the final number "Total box 20 code Z" == 20Z1 itself. Hope it is done all correctly. jw