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Update: I can make the error disappear by setting Line 1 (Gross income sourced at Shareholder Level) to 0 for Foreign. But the K-3 I received from the S-Corporation has a non-zero Total Gross Income for the US and foreign sources in Part II, Section 1, Line 24.
I realize this is a worksheet that is not submitted with the taxes so using a 0 value is not an issue, but I wonder if I have some other value incorrect in the K-1 or K-3 from the S-Corporation.
‎September 25, 2024
7:10 AM