sjk88
New Member

Investors and rental owners

This is very confusing! I also have a K1 Form 1065 and am unsure which amounts in Part III to enter in the Canadian Premier version of TurboTax. I am using the Foreign Slip form but can anyone tell me which boxes/amounts on the K-1 to put on the Foreign Slip? For example, on this slip, there are 9 boxes, titled things like "Foreign income and dividends", "other foreign income", "Foreign capital gains/losses" and "Foreign Tax Paid" but those don't match anything on the K-1. Do I add up boxes 5, 6a and 6b on the K-1 (interest income, ordinary dividends) to fill in the "Foreign income and dividends" box in TurboTax? Does Box 1 "Ordinary Business income/loss" on the K1 go in the "Other Foreign income/loss box on TurboTax? Can anyone provide specific information on which boxes on the K-1 go into which boxes of the Foreign Slip page in the Canadian version of TurboTax?