PatriciaV
Employee Tax Expert

Business & farm

You may wish to review the relevant forms using Forms Mode in TurboTax Business.

 

  1. Open your return and click the Forms icon in the TurboTax header. 
  2. In the list of Forms in My Return on the left, scroll down and look for Form 1065 p1-4
  3. Click the form name to open it in the large window. 
  4. Scroll down to Schedule B Line 33 to confirm there is a check in the "Yes" box.
  5. Use the QuickZoom button under Line 33 to open Sch K-1 Wks. This form as an embedded scroll bar to move between partners (or use page-down).
  6. Confirm that there is a check in the box for "Check to include partner in Schedule B-2," as applicable.
  7. Use the QuickZoom button on Form 1065 under Line 33 to open Schedule B-2.
  8. Confirm that all eligible partners are listed correctly.
  9. Click Step-by-Step in the header to return to the main screens.
  10. Now run SmartCheck again to see if the error has been resolved.

 

Note that if a form has a red exclamation point next to the name or a field appears in pink, there is an error on that form. Click the Errors icon above the forms list to open a message box below the form. The error message will give you more information about the issue that needs to be resolved.

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