This is a question about filling out schedule K2 for IRS form 1065 (turbotax business edition). I have to go to forms section and fill out the appropriate tax information for foreign tax paid by mutual funds. Don't have any foreign sales income or any other type of foreign income except for mutual fund dividends. However turbotax doesn't like me not to have zero in the K2 section II item 1. I tried deleting all the K2 information and line 16 (for foreign income information) on the form 1065. turbotax still tells me that I have K2 info that is wrong and still has K2 forms. I don't particularly want to delete the entire 1065 and retry everything. Talked to turbotax help, they told me can see problem but only work around is to PRINT and MAIL my 1065 and K2 to the IRS. this is not particularly helpful.
