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K1 partnership error
k1 partnership error. I attached the page image. When I try to add a separate worksheet the program adds another k1 and many more errors. This company reported the same info on it's 2016 k1 and I had not trouble. Doesn't make any difference whether I import the k1 or add by hand. How do I fix this error.
[email address removed]
Thanks
Susan
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K1 partnership error
I had this same problem with Buckeye. One problem is that you have both passive and general foreign income on the same K-1. If you look at the info from BPL, you will find a sheet which breaks out foreign income by country. You will have to fill out additional K1's for each country with passive income. Remove the passive income from the original K-1 worksheet and add a K-l and give it a name such as Buckeye-Bermuda for instance. On that K-1 enter only the Box 16 data supplied for that particular country. TurboTax will add the data on the additional K-1's. Go to the additional worksheet for each K-l and fill in any missing data. Especially make sure that you fill out L and/or M telling when foreign tax was paid (use last day of year) and whether you want credit or deduction.
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K1 partnership error
I had this same problem with Buckeye. One problem is that you have both passive and general foreign income on the same K-1. If you look at the info from BPL, you will find a sheet which breaks out foreign income by country. You will have to fill out additional K1's for each country with passive income. Remove the passive income from the original K-1 worksheet and add a K-l and give it a name such as Buckeye-Bermuda for instance. On that K-1 enter only the Box 16 data supplied for that particular country. TurboTax will add the data on the additional K-1's. Go to the additional worksheet for each K-l and fill in any missing data. Especially make sure that you fill out L and/or M telling when foreign tax was paid (use last day of year) and whether you want credit or deduction.
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K1 partnership error
Thank you. Your answer was a great help.
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K1 partnership error
Glad it helped.
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