3348968
When running the error check, turbotax states "sch k-1 wks-partnerships: deductions-passive category (line M) is entered but no foreign source income for passive category has been entered (line M). Enter the income on Line M or remove the deduction."
My K-3 lists this foreign passive deduction, but the partnership has no income, so how do I reconcile this?
Thank you.
You'll need to sign in or create an account to connect with an expert.
oops a Turbotax oops. (M should only be from the k-3 part 2, section 2, line 54, column C ) Income would go on line F. (k-3, part 2, section 1, line 24, column C. it would seem both lines P & Q are blank or zero. therefore, delete the entry on M.
oops a Turbotax oops. (M should only be from the k-3 part 2, section 2, line 54, column C ) Income would go on line F. (k-3, part 2, section 1, line 24, column C. it would seem both lines P & Q are blank or zero. therefore, delete the entry on M.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
starkyfubbs
Level 4
linkwalls
New Member
wdmayes
New Member
emircengiz1925
New Member
kare2k13
Level 4