turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

STOKABE
Returning Member

form 1065 schedule K-2

filing form 1065 and schedule K2 (for foreign tax credit). I entered part II section 1 #7,8 for dividends), chose category as countries (blank) and category (RIC). I needed to override #24 total gross income so I could choose RIC and TT would total #7,8.  In part III Section 4 (foreign taxes) I entered info in #1 Direct(section 901 or 903) foreigan taxes) as paid, category RIC and $$ for the rest of #1.  When I finished with K2 TT said that I had 7 errors!   In part II all # under section1 (gross income)  TT wanted me to fill out country. No $$ for all the rest. If I choose <blank> for country, TT doesn' t like it. TT then won't let me choose category (RIC) and says I have more errors.  Talked to TT customer support. First support person hung up on me, second person was very nice, but he didn't know how to fix problems of errors. Only solution was to print the 1065, K1, K2, K3 etc and MAIL in the forms. I got TT so I could do forms easier and send in electronically. So far, haven't tried to send electronically even though TT says have errors. Any feed back is greatly appreciated.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
AliciaP1
Expert Alumni

form 1065 schedule K-2

The RIC has to exist somewhere and that is the country TurboTax is expecting to be entered.  Also, you have to ensure you have marked yes or no (as appropriate) for all the lines in Section C on Form 1065 Schedule K-2.  This should remove the errors and you should be able to e-file, but if you have already mailed in your returns do not also e-file.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question