Due to the closure of a family member's estate, we received an Indiana K-1 on which the sole information communicated is a negative gross income value. By the nature of the K-1 form, this negative entry carries forward to the final line of the form. This negative entry on the final line of the K-1 is preventing my e-filing from getting submitted to the state, so I need a resolution right away.
This K-1 was professionally prepared so there is reason to believe this is a proper presentation of the information present. Also, as I understand it this negative outcome could be useful to someone with certain circumstances on their taxes as it could be used as a deduction for such a case. We do not have circumstances that would allow us to use this so in effect the facts of this K-1 are inconsequential to our tax filing for this year. But the fact that it is preventing our e-filing is a problem.
I have found discussions in the TurboTax information posting boards that conclude TurboTax has a known problem with this specific circumstance ("Turbotax 2019 does not allow negative number in Indiana K-1 form line 19", posted July 5, 2020 4:26 PM). As it stands, with no other information available to me I will have to mail in a paper copy of my Indiana taxes, and because of this would need to be refunded the e-file charge for the state tax filing.
Can anyone please:
(a) Confirm the negative value on the IN K-1 is not an issue and that the e-file decline I am getting from TurboTax is not proper?
(b) How can I get a refund on my e-file service payment since I will have to submit a paper copy to the state instead of e-filing?
