Our LLC is structured as a pass-through entity for rental properties, and when filling out the Georgia Form 700 Partnership Tax Return, Schedule 1 was previously left blank based on my prior year's filing and a draft I created in early February with the TurboTax Business 2022. However, I have now discovered that Schedule 1 has been populated with numerical data and is demanding an income tax payment. What steps can I take to resolve this problem?
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You may have the Partnership elects to pay the tax at the entity level box checked at the top of the Form 700.
To uncheck the box you can follow these steps in TurboTax Business:
You may have the Partnership elects to pay the tax at the entity level box checked at the top of the Form 700.
To uncheck the box you can follow these steps in TurboTax Business:
Thank you!
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