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posted Jun 6, 2019 1:04:43 AM

TurboTax wants to attach Form 8990 because it thinks my LLC owns a pass-through entity with excessive interest expense.

I'm trying to e-file an 1065 return for my LLC. TurboTax says:

"Attachment Needed - Form 8990

Since you indicated the business owns a pass-through entity with excessive interest expense, you must attach Form 8990 when you e-file your tax return."

The problem is the LLC doesn't own a pass-through entity and I can't find where to correct this. Where is this question asked?

Thanks!

0 2 988
2 Replies
Level 15
Jun 6, 2019 1:04:45 AM

Enter Forms Mode and, in Schedule B of your 1065, ensure that the "Yes" box to the right of Question 24 is checked.

Level 2
Jun 6, 2019 1:04:46 AM

Fixed it. I switched to the step by step . Started from the very beginning, When you get to the page with like 20 yes or no questions, there is a question about a pass through entity . It is probably marked yes. Mark it no, click next and it will ask you to fill out a 8990 form. Now press back, change the answer back to yes, and continue. I went through all the pages again to check for anything else but I didnt make anymore changes. When I got back to the end , it no longer requested the form.