TurboTax is giving me this error:
Sch K-1 Wks-Partnerships (*partnership name*): Box 16 Description-1 has been entered for more than one type of income. Use separate K-1 worksheets to report more than one type of foreign gross income sourced at the entity level.
My Box 16 has the following codes:
A, B, C, D, F, I, J, Q, U
My guess is that TurboTax is not liking that Codes D and F are in that same box. Note that Code D (Foreign gross income - Section 951A category) was added this year to Schedule K-1 (Form 1065).
Why is it telling me to create a new K-1? Note that boxes 1, 2, and 3 are empty, so there are not multiple sources of income.
Please help so I can send my taxes. 🙂
