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K1 Partner Returns are not Editable in 2023

Forum|Forum|2 years ago
February 29, 2024
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I'm trying to at Code T (oil & gas depletion) on Box 20 of my partners' K1 returns, but they are read-only and I cannot edit it. I'm in forms view (see below) but cannot do anything to edit, is there a new way to do this in 2023? My 2022 version is editable, but cant seem to change anything in 2023.

Just want to add Code T to Box 20 and simply no way to do it. Would really appreciate any insight or help (this is for a partnership LLC using 1065)

TurboTax Business Windows

Best answer by PatriciaV

Enter this on Form 1065 p5-6, Schedule K Line 20. Under the codes listed for Line 20, use the drop-down menu in the small box on the left to select Code T for Depletion. Then enter the amount to the right. This entry will be allocated to Schedule K-1 for partners according to their ownership percentages.

PatriciaVAnswer

Enter this on Form 1065 p5-6, Schedule K Line 20. Under the codes listed for Line 20, use the drop-down menu in the small box on the left to select Code T for Depletion. Then enter the amount to the right. This entry will be allocated to Schedule K-1 for partners according to their ownership percentages.

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