There has to be income in code F to utilize a deduction in code M. There are 2 options to remove the error. You can revisit the interview, skip thru to box 16 entries and insert $1.00 in code F.
The 2nd option is to dispense with foreign transactions as there is no benefit because there is no foreign tax paid in code P.
If you choose the 2nd option, then bring up the “schedule K-1 partnership additional information” form. Scroll down to “Box 16 foreign transactions”, then down to “Codes P, Q” etc. and look for line 3a which states “do you elect to forego completion of f1116 foreign tax credit?”. Checkmark Yes. TT will then ignore any box 16 entries and the error will be cleared.
