Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 1:17:57 PM

How do I correct a K-1 mistake that will not let me E-file

I keep getting an error code about no income posted I have entered every number that is on my 1065

0 1 319
1 Replies
New Member
Jun 3, 2019 1:17:59 PM

Sometimes, the income requested is contained in the "Statement" section of the information provided with your K-1.  Look for the K-1 Line number and any Codes such as A, B, C . . .  You may be given instructions to calculate a percentage of another amount.  The K-1 may only say STATEMENT.  If there is no value given, leave it blank.  If TTax needs an amount, but the line item is blank, enter "0".  Go to the beginning of the K-1 Update and Edit the K-1.  Make sure to enter the additional lines shown correctly.  Be patient.  Sometimes it makes no sense, but look to the Statement for the particular Line item TTax is seeking.  The instructions for corrections are not detailed enough to guide you.