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RB143
Returning Member

Schedule E, Page 2: Line 28 K1 Number

I completed Form 1041 for a trust.  Everything was double-checked with no errors....until I hit submit to file my return.  That's when this error popped up: "Schedule E, page 2: Line 28 K1 number must be entered".  This would be for a Prior Year Adjustment line, requesting "Passive Activity Sch K-1 Box 6, 7 or 8".   Info can not be entered directly on Schedule E--it comes from the K-1.  And everything from the K-1 (Form 1065) has been entered.  So....is Schedule E not importing info properly from the K-1?  Or...am I just missing something?  

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1 Reply
DaveF1006
Expert Alumni

Schedule E, Page 2: Line 28 K1 Number

It depends. it's possible the software isn't allowing nonpassive income to be entered correctly on Schedule E. If your K-1 has passive activity adjustments in Box 6, 7, or 8, double-check that the software is correctly linking those values to Schedule E.

 

If you're using TurboTax desktop, , you might need to check the K-1 worksheet section where the income and loss are reported before they flow into Schedule E. Some have had success correcting the issue at the source rather than trying to override the error directly on Schedule E.

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