Yes. Try filling in foreign tax income on Form 1116 as -0-.
Please use the jump to wording: foreign tax credit to go to this entry in TurboTax.
Form 1065 Schedule K-1 Box 16, codes B through R involve Form 1116 for reporting foreign tax paid, so it likely has to do with Form 1116.
Since it is -0-, this is another option:
- From the left menu, select Tax Tools
- Tools
- Delete a Form
- Scroll to Form 1116 and delete, confirm the deletion
- Return to your Partnership K-1 and go back through the interview. If it will not let you permanently remove the zero, then you have two options:
- Option 1: Un-check the Box 16 entry if the only thing in this section is -0- with Code I
- From the left menu, select Federal
- Wages & Income> Scroll down to Schedule K-1 and click Edit/Add
- Click Update next to Partnership/LLCs (Form 1065)
- Click the pencil icon to edit the K-1
- Go through the interview again until you get to Check Boxes That Have an Amount
- Un-check Box 16
- If you have other details in Box 16, then
- go to the Enter Box 16 Info
- where Code I is entered, click the drop down arrow and scroll up to make that entry blank
- delete the -0- by highlighting the cell and clicking delete several times
- Option 2: Delete and re-add the entire Schedule K-1
- From the left menu, select Federal
- Wages & Income> Scroll down to Schedule K-1 and click Edit/Add
- Click Update next to Partnership/LLCs (Form 1065)
- Click the trash can icon next to the K-1 on the Partnership/LLC K-1 Summary Page
@carolyn0129
