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Get your taxes done using TurboTax
Yes. While it is preferred usually to leave cells blank that do not require input, if you are still getting an error, then there is no choice but to answer the question with a zero. I recommend two steps to address getting an error for foreign tax paid.
Step 1: To assure the program is using up to date details, follow these steps, assuming your device meets system requirements:
- For TurboTax Online:
- Sign out of TurboTax
- Completely close the browser window
- Wait a few minutes
- Open a new, incognito Chrome browser
- Sign in to TurboTax
- Run the Review
- Proceed to Step 2 if an error is still generated
- For TurboTax CD/Download:
- Go to the Main Menu and depending on the version you have, check under Online or Help to find Check for Updates
- Click OK for TurboTax needs to save your tax return before checking for updates
- Click OK when the window pops Your software is up to date
- Run the Review
- Proceed to Step 2 if an error is still generated
Step 2: Enter -0- for the amount of foreign income and foreign tax paid using @carolyn0129's approach:
- For TurboTax Online:
- From the left menu, select Federal
- Scroll down to Schedule K-1 and click Edit/Add
- Update your Schedule K-1
- On the Partnership/LLC K-1 Summary, click Edit
- Answer all the prompts until you get to Check Boxes That Have an Amount and click Box 16
- Box 16a enter Various from the drop down menu (toward the very top of the list)
- Select C from the Drop down menu
- Continue through the rest of the interview until Done
- Run the review again and enter -0- if the error is still generating
- For TurboTax CD/Download:
- From the Personal Tab> Personal Income, scroll down to Business Investment and Estate/Trust Income
- Schedule K-1 click Update
- Click yes to Did you receive any Schedules K-1?
- If you have not clicked box 16, click it now
- Box 16a enter Various from the drop down menu (toward the very top of the list)
- Select C from the Drop down menu
- Continue through the rest of the interview until Done
- Run the review again and enter -0- if the error is still generating
March 23, 2020
7:40 AM