How do I know if a balance sheet is required for a business? I am in NY State. Also, Turbo Tax keep sendnig me to k-1 Entry Wks-Partnership - Worksheet to Enter Partners Share of Income, Deductions, Credit, etc. I did not receive a K-1 from anyone.
You will need to complete a balance sheet if filing a NY tax return.
You can eliminate the K-1 questions by using "Delete a Form" tool to remove the K-1 from your tax file.
After deleting this form (and associated worksheets, if any), log out of the program. When you log back in, you use the Delete a Form tool to see if they have been removed from the list of forms in your return. If they have, you should be able to complete your return.