turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

BSR
Returning Member

Error in filing with K-1

I am trying to file my return. I have a K-1 with no foreign income or expenses. But I am getting the error message: Foreign interest expense at partner level is listed  but no foreign source income at individual level has been listed on the K-1 additional information has been listed on the K-1 additional information worksheet, line 1. I even put a 0 on this line and on line 2 for foreign interest expense. Anyone know how I can turn this off so I can file?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ThomasM125
Expert Alumni

Error in filing with K-1

Lines 16 and 21 on a partnership K-1 schedule would involve foreign income and taxes. You need to make sure those entries are blank. Also, if you carried the K-1 form over from the previous year, there may be foreign income or taxes carried over. If so, you may need to delete the K-1 entry and re-enter it.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question