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Error on "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc." tab

I have a simple LLC with several members that holds a piece of raw land.  The return has been prepared using Turbo Tax business since 2017 and the return itself is very simple.  We typically have income from rental to a farmer.  Expenses are usually property tax, general liability insurance and tax prep (i.e. turbo tax).   For the 2019 tax year, we only incurred the cost of turbo tax so the return is practically nothing.  When filling out the entire return, I have selected "no" for the QBI deduction as it really doesn't apply.

 

While running the error check, i keep getting an error saying I haven't filled out the sheet entitled "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc."  While I could populate the form itself, I never saw a spot in the step by step to put this information in, so am concnerd that the program thinks our LLC has somehow received income and/or expenses from another LLC that we've gotten a K1 for...which is untrue.  

 

Is this something that has come up for anyone else?  Wondering if this has something to do with the new QBI deducution for 2019?

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4 Replies

Error on "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc." tab


@418INV wrote:

While running the error check, i keep getting an error saying I haven't filled out the sheet entitled "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc."


You might want to go through Step-by-Step again and check to see if there is anything in any section (including the Business Info tab) where you might have indicated that you received a K-1 from another pass-through entity. I have a copy of TurboTax Business and that is the only way I have managed to generate the worksheet to which you are referring.

Error on "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc." tab

Thanks, that's exactly what I did and found no evidence that I indicated any K-1 income.  Given the level of simplicity on this, I'm going to start over and see if that fixes it.  This doesn't appear to be a worksheet that is affecting anything, but still concerned because I didn't have this last year.  Anywhere else you can think to check?

Error on "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc." tab

If you start over (or even if you do not), you can try deleting that worksheet in Forms Mode (assuming it exists in your list of forms). Otherwise, I cannot think of anything else that would cause that error to be thrown.

Error on "Worksheet to Enter Partner's Share of Income, Deductions, Credits etc." tab

Appreciate it.  I wiped it out and started over.  Appears to be gone now so I'm all set.  Thanks for your help.

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