Schedule K-1 shareholder info

Forum|Forum|3 years ago
February 25, 2023
6 replies
42 views

I can't efile CA state tax for some reason - it kept saying Shareholder 2 info not valid in Schedule K-1 worksheet, while we have only 1 shareholder in the form, 100% ownership. How to fix that? Thank you

TurboTax Business Windows

sherry052169Author

Level 2

Here's a screenshot of the page --

PatriciaV

Level 15

If you have only one shareholder, Sch K-1 Wks page 2 should be entirely blank. Go back to Step-by-Step and review your entries under Business Info >> Partner/Member Information. Make sure you have only one partner on the Member Summary page. Delete a blank entry that has only "Edit / Delete" buttons.

Then review the federal Sch K-1 Wks in Forms mode to be sure the second page is totally blank. The state Sch K-1 Wks should be the same.

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