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Level 3
March 22, 2025
Solved

k-1 beneficiary generating other income statement

  • March 22, 2025
  • 1 reply
  • 11 views

I entered the K-1 info for the beneficiary which only had interest and dividends.  I am getting an other income statement with an amount entered that I do not know why it is there.  Has anyone else come across this?

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Best answer by Just-Lisa-Now-

Can you right click on the amount thats flowing to the Other Income statement and get an option to Cross Reference, that might take you back to the origination entry.

Did you import the K-1 or enter manually?   If it was an import, maybe it picked up something incorrectly?  You could delete and re-enter manually

1 reply

Just-Lisa-Now-
Intuit Community Champion
March 22, 2025

Can you right click on the amount thats flowing to the Other Income statement and get an option to Cross Reference, that might take you back to the origination entry.

Did you import the K-1 or enter manually?   If it was an import, maybe it picked up something incorrectly?  You could delete and re-enter manually

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ykbceAuthor
Level 3
March 22, 2025

I finally deleted the K-1 and re-entered everything.  This time it did not include the other income statement.  Must have done something wrong before.

Thanks for your help.