The error message is saying that you have foreign taxes entered on the K-1, but no indication of the amount or type of income they were paid on.
Go back to the K-1 entry part of the interview and enter the information requested.
- Click on Federal Taxes > Wages & Income [In TT Self-Employed: Personal > Personal Income > I'll choose what I work on].
- Under S-corps, Partnerships, and Trusts [in desktop: Business Investment and Trust Income], click on the Update box next to Schedule K-1.
- On the Tell Us About Your Schedules K-1 screen, click on the Start/Update box next to S corporations (Form 1120S).
- If you have already entered K-1 SCorp information, you will see the SCorp. K-1 Summary screen. Click Edit to continue with the existing form entry.
- Continue to the screen Enter Box 14 Info. You probably already have entered P-Total Foreign Taxes Paid. On the next line enter the code and amount for the type of foreign gross income that generated the taxes: F--Passive; G--General; or H--Other.
- Note that if you have more than one type of foreign gross income, you must enter separate K-1 worksheets for each type.
