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Level 2
posted Mar 8, 2021 12:26:54 PM

K-1 form 1065 from an L.P. keeps linking to a Schedule E worksheet for line 7 "Royalties" even though the entry is "0".

TurboTax is generating a form 1065 tor a K-1 I received from an L.P. I have an interest in.  On line 7 "Royalties" ; TurboTax is trying to link to a Scheldule E, even though the entry for Royalies is "0". Why is it doing this? There is no real estate.

0 2 1080
1 Best answer
Level 9
Mar 9, 2021 11:22:31 AM

Delete the zero so line 7 is vacant.  That should clear the error.

2 Replies
Level 9
Mar 9, 2021 11:22:31 AM

Delete the zero so line 7 is vacant.  That should clear the error.

Level 2
May 8, 2021 7:38:23 PM

Thank  you, Rogge1772!

 

It works. It got me out of the frustration after almost spending hours.