Doing the Federal Review in Turbo Tax Business 2021 Desktop version.
Please help me clear this error.
Check this Entry message "Schedule K-1(name of shareholder)-Shareholder Stock & Debt Basis Limitation Worksheet: Debt 1 boxes: either the Formal Note box or Open Account debt box must be check when any line is populated on Part II, Sections B."
Section A where the Formal & Open Acct Debt check boxes are shows all blanks across all 3 debt columns.
Section B has a line 21 Debt basis at beginning of the corporations tax year. A "0" is entered under Debt 1 column, and blanks are in Debt 2 and Debt 3 Columns.
Since there was no Debt, I don't want to check either option, I can't override the 0. I tried deleting the form, but form and error came back.
Used TurboTax Business last year as well, found similar but not same worksheet, it had blanks and zeros for debt as well.
Thank you for any help.
