Can't file due to this: K-1 Wks-Partnerships (xxx LLC): Box 16 Description has been entered for foreign tax paid or accrued but no entry has been made for codes D-H or for foreign sourced income at the individual level on the K-1 Additional Information w

[SueJohnson]

NO - I have code A Canada, Code B $815, code I $120.  As mentioned above I solved the problem by deleting the code I and its amount.  It cost me $11 extra in taxes, but that is OK.

[bfite]

Agree with above.  TT Online logic seems to not understand Box 16 of the K-1.  I have had a problem 3 years in a row.  Deleting a line received from a tax form doesn't seem the right option.  I have F income and I expense where F is > than I, but I still get the error about no foreign source income.  Is TT not seeing the F income? 

[2tojohny]

Hi,

I'm part of a foreign partnership that does not have an employer ID in their K-1 form.  TurboTax flagged this as an error and prevented me from e-filing my return.  Is there a way to get around this so I can e-file my return?

Thanks,

John

[SueJohnson]

That doesn't seem right.  Are you sure there is no entry in Part I A?  If not, call them

[KathrynG3]

Foreign partnerships do not always file Form 1065 in the US, but when they do, Form 8865 is required for some filers. See: IRS: 2020 Form 8865 Instructions for who must file.

Form 8865 is not supported for e-filing. To check what forms are available, see:

IRS forms availability table for TurboTax individuals

@2tojohny

[333mfy]

Hello Kathryn, all others,

I'm in a similar situation.  Our S-Corp has a foreign subsidiary.  Sch K1 had box 14, code H populated, but without any category for the income.  I asked the accountant, and it is NOT any of the options provided by TT (lump-sum, 901(j) or re-sourced by treaty) - he said it's just general income.  TT now won't eFile, because I left that blank.

What to do now?

Thanks a lot.

[Mike9241]

if it's correctly general category income code H should not have been used. it should have been code G

as you found code H requires additional information - the country and 1 of the 3 categories.

the return preparer should prepare an amended return for the entity and for each partner/shareholder.

to indicate on lines 14 or 16 that the income is general category (code G) if that's what it is.

[333mfy]

Thanks Mike.  Code G is also populated in box 14.  Furthermore, Box 16 has C and D, as well.  This is what the accountant said, verbatim: "The amount in question is simply other income – of portfolio nature, but not portfolio in origin.  Not 901(j) income, resourced, or lump sum distribution."  

I looked at Form 1120-S, and it does not contain the words lump-sum, 901 or treaty.  Is it like this selection does not get reported to IRS, but only determines how this amount will be used for foreign tax credit calculations?  

Thank you.

[gf7107]

My online turbo tax filing is not asking for information form my K-1 form 1041??  

[DaveF1006]

To report your K1 income in Turbo Tax Online.

1. Go to federal>income and expenses
2. S-corps, Partnerships, and Trusts
3. Schedule k-1>start
4. Select Estates or trusts (Form 1041)

@gf7107