On my Schedule K-3, page 4, Part II, line 24 Total gross income, Column "(f) Sourced by partner" is empty (zero). This causes a TurboTax error because there are interest and other expenses allocated at the partner level. Lines 42, 49, and 54 Column (f) have positive values and line 55 shows a (loss).
Sample error message:
Sch K-1 Wks-Partnerships (Beldore Capital Fund, LLC) -- Sch K-1 Partnership Additional Info 1: Foreign interest expense allocated at partner level is listed but no foreign source income at individual level has been listed on
the K-1 Additional Information worksheet line 1.
I've checked with the issuer of this K-1/K-3 and they say that the Line 24(f) zero value is correct.
Any ideas how to fix this or get around it?
Thanks...
