Rental LLC - Husband and Wife Sch K1 - Unable to E-File as Royalty box is 0, and turbotax mandates to create Sch E profile for that business.
background - LLC owns only one property. filing in home and business; schedule K1 has entries in Box 1 and Box 2. it has Zero in both of our K1 Royalties Line r
I tried the following
- Removing Zeros in Royalty section in Sch K1 in both me and my spouse entries
- Schedule E Worksheet - turbotax again asks me to fill this info
Error: Schedule E worksheet Line 4 Royalties K1 income from rental real estate and income from royalties must be reported as separate properties on schedule E
