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K1 question

I have had a K1 for several years now.  I keep getting an error this year that form 3800 needs to be filled out. I even deleted the K1 and started over thinking I had done something wrong. Why is it giving me this form this year? I don't have the information it is asking for.  This is a K1 from an LLC. I don't have general business expenses. Also Indiana K1 will not accept a negative number for part 4 line 5.  What do I do?

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1 Reply
MayaD
Employee Tax Expert

K1 question

Did you file form 3800 in previous years? You might have some credit to carry forward to 2024.

 

IRS Form 3800 is used to calculate the General Business Credit, which helps small business owners cut their federal income tax bill. 

Instructions for Form 3800

 

You can try deleting Form 3800 if it doesn't apply to you. 

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