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.

Entering K1 with no numbers

I have a K1 (Form 1065) that has no numbers, or all zeros in the Part III columns.  TurboTax keeps telling me that I need to review this K1 since it has no numbers.  (The proceeds of the sale have already been entered in the 1099-B section of TurboTax).   No matter whether I put a zero in the columns, or leave them blank, I still get the message I need to review the K1 since it has no numbers.  Should I just delete the K1?  Do I even need to report it since there are no numbers, and the sales information has already been entered in the appropriate area?

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

Entering K1 with no numbers

There is really no point in entering the K-1 if all of the lines in Part III have zeroes and/or are blank.

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