- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
For 2024 we had closed down our Graphic Editing business and no longer were receiving a Schedule K-1 because our partner had shut their end down prior to 2023 and we did not use a K-1 last year either. However, after completing Federal entries in 2024 TurboTax the Review showed we had an incomplete Schedule K-1 that needed information filled in. I looked at Forms but there was no K-1 to delete. If I continued and ran a new Review the K-1 was flagged as an error again. Finally I went back to the "Your 2024 Income Summary" section and paged down to the "Business Investment and Estate/Trust Income". The Schedule K-1 and Schedule Q were dark and showed $0. I was puzzled as to why it kept flagging the need to complete a K-1 until I clicked on the blue "Visit All" button. I needed to answer "No" when asked if I received a Schedule K-1. That fixed the problem.