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A
Adil Hilal
Level 1
March 28, 2023
Question

K1

  • March 28, 2023
  • 3 replies
  • 10 views

Hello, I am using proseries. I have a client with a k1. When I import it into the 1040, it cause the EIC and CTC to get eliminated. I have tried to fix the business return by switching it between general partner and limited partner, but seems nothing is working.

Please help.

Thanks in advance

This topic has been closed for replies.

3 replies

N
Norman2001
Level 6
March 28, 2023

I haven't dealt with this particular issue before.But, I would first do a "save as" to create a copy of the return. Then start deleting box entries to see which entry is eliminating the credits. After that, you can see why the credits are being eliminated

IRonMaN
IRonMaN
Level 15
March 28, 2023

How much income is being reported on the K-1 and what type of income is it?

Slava Ukraini!
    dkh
    dkh
    Level 15
    March 28, 2023

    What is the client's total income before importing the K1 and what is it after importing the K1?

     

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