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jrjaskot
New Member

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

 
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Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

Bring the k-1 up on the screen. Scroll down to 17 and just above it there is a quickzoom to add additional foreign tax info. Click on it and it will bring up the  additional info wks. Scroll down to "Box 16: foreign transactions." Then under "Code P, Q, etc ", locate line 3a. It states "do you elect to forego completion of f1116." Check mark the Yes box.  That will clear all errors and  will dispense with foreign transactions.. 


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Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

If you have a small or no amount of foreign tax paid,  box 16 code P, I suggest you elect not to fill out f1116 and that will clear the error.
jrjaskot
New Member

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

Thanks! How do I go about doing that? I'm using TurboTax online (premier).

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

Bring the k-1 up on the screen. Scroll down to 17 and just above it there is a quickzoom to add additional foreign tax info. Click on it and it will bring up the  additional info wks. Scroll down to "Box 16: foreign transactions." Then under "Code P, Q, etc ", locate line 3a. It states "do you elect to forego completion of f1116." Check mark the Yes box.  That will clear all errors and  will dispense with foreign transactions.. 


jrjaskot
New Member

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

Thanks again! But QuickZoom is not working for me in Chrome or Safari. Is this a bug throughout the online version of TurboTax and, if so, is there a workaround without using Quick Zoom to accomplish what you said in your above comment?

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

Quickzoom  may not be available on the on-line version. You may have some method of looking up forms and locate the additional info wks. and bring it up on the screen.
DennisLD
Returning Member

Error K-1 Box 16 Desc.-1 has been entered for more than one type of income. Use sep. K-1 worksheets to report more than one type of foreign gross income. What do I do?

QuickZoon didn't work for me either in the "interview mode", visible, but did nothing.  When I went over to the form by clicking the "Forms" icon at the top, I could see the same QuickZoom and it worked.  Then I found the "forgo ..." checkbox.

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