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Get your taxes done using TurboTax
Help, I'm having a similar issue with TurboTax Premier 2023 (Desktop). Specifically, in form K1S Box 14 Foreign Transactions, in lines C, I, and J (Shareholder level foreign income and expense), I get the error for Line 1: "Sch K-1 Wks-S Corporations (...) -- Sch K-1 S Corporation Additional Info 1: U.S. source gross income sourced at shareholder level plus foreign gross income sourced at shareholder level should not be greater than total gross income sourced at shareholder level".
I am able to enter the U.S. Source and Foreign Source for Gross income sourced at shareholder level, but I am unable to set the Total. Screenshot attached (data obfuscated).
‎September 24, 2024
9:49 PM