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Level 1
posted Mar 19, 2022 3:24:26 PM

Schedule K (Form 1041) for tax year 2021

Form 1041 K-1 box 14 I Stmt with zero amount results in an error in TT Premier.  When I check Federal for errors it takes me back to this and won't let me proceed.  I would be grateful for any assistance!

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2 Replies
Level 1
Mar 19, 2022 3:35:40 PM

As additional info, my income prevents me from a QBI deduction so how do I eliminate the box 14 problem that won't let me proceed?  Thank you!

Expert Alumni
Mar 20, 2022 7:56:48 AM

If you have no foreign income related to Schedule K-1 Box 14 Code I, simply uncheck the box and continue. Your return should pass SmartCheck after this change.