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posted Apr 14, 2020 11:34:31 AM

If i have a k 1 from an llc with a -65 loss on line 1. when i enter and try to finish up turbo says there are no entries for this llc? what do i do?

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1 Replies
Expert Alumni
Apr 14, 2020 12:13:35 PM

Have you entered everything from the K-1?   If you have entered it, you may have 2 LLC reported in which case you would need to delete one of the entries**.  

 

For TurboTax Online

 

  1. Open or continue your return.
  2. Search for K-1 and select the Jump to link in the search results.
  3. This will take you to the Schedules K-1 or Q screen.  See **
  4. Answer Yes and follow the prompts. You may be prompted to upgrade to Premier, if you're not already using it.
  5. We’ll ask some questions about your K-1, and then you’ll enter the data from the form.

**If you have the same LLC listed twice on the summary screen, you will need to delete one of them.  Be sure to delete the empty form and not the one you have entered the K-1 data from.