I am done with my 2023 taxes but Turbotax's Smart Check seems to disagree. It is firing one alert saying I need to fill up at least one of the options. I have attached the screen shot of the question. Not sure how to answer it. Form 3800 has all these lines empty.
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I'll page Champ @Mike9241 for this. Please check back later.
I can't get items you are showing in desktop 1040. it may help me if you identify the code letter for the line 15 credit from the k-1, whether you disposed of your entire interest in the PTP in a taxable transaction, and whether you are in AMT. Not sure even with this info i can help. Do note that line A does say to enter the amount from form 3800 line 3. if 3800 line 3 is empty that's the same as zero.
Line 15 has two codes AJ and ZZ and both have 0 entered.
>>> whether you disposed of your entire interest in the PTP in a taxable transaction, and whether you are in AMT.
Not sure what this means, but this is for an oil stock that I own and they send me this K-1. I haven't sold any of the shares in the entire 2023 year.
So I am thinking I enter 0 in the first box and call it a day?
Hi @Mike9241 , could you please confirm that given the above mentioned code putting 0 in this field is appropriate response? Thanks.
in part III of k-1 there is no reason to enter any line with 0's so i would just delete those the codes and 0's from line 15. see if that fixes the issue if not enter that 0. Please note i cannot produce your results of getting those questions
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