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K1

Adil Hilal
Level 1

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

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3 Comments 3
Norman2001
Level 7

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

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IRonMaN
Level 15

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


Slava Ukraini!
dkh
Level 15

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