Question
K-1 Boxes in Turobo Tax don't match
I have a K-1 where the boxes don't line up. Boxes 1-3 are fine, but Box 4a on my K-1 is "Guaranteed payments for services", Box 4b is "Guaranteed payments for capital" and Box 4c is "Total guaranteed payments" Box 5 on my K-1 is "Interest income". However, Turbo Tax K-1 entry screen has ZERO mention of " Guaranteed payments" at all. In Turbo Tax, Box 4 is "Interest income". All of my imported data are off by 1-3 boxes creating multiple, cascading errors.
When will this be fixed?
