Unable to file taxes because Schedule K-1 Part III Line 7 is empty and I am unable to place anything in that box to complete it. The following directions show above it.
-------Sch K-1 Wks-Partnerships (Eight Six Investments LLC): Sch E worksheet link must be established. Royalty income and expense is reported on Schedule E. Link to the applicable copy of Schedule E Worksheet. Also report any out of pocket royalty expenses on that worksheet.-------------
Line 7 states: "Royalties - Double-click to link royalties to Schedule E Worksheet"
I cannot "double click" anything. I tried entering zero but it keeps looping around.
Any help would be great!
LJ
Screenshot:
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This usually happens because a "0" or a specific code was accidentally entered in the royalty-related boxes (Box 7 or Box 13, Code I). Because "blank" and "zero" are treated differently, the software triggers a validation rule requiring a link that doesn't exist.
Remove Zeroes from Box 7 and Box 13:
This usually happens because a "0" or a specific code was accidentally entered in the royalty-related boxes (Box 7 or Box 13, Code I). Because "blank" and "zero" are treated differently, the software triggers a validation rule requiring a link that doesn't exist.
Remove Zeroes from Box 7 and Box 13:
That worked wonders!
Box 7 on the original K-1 filing page had a zero in it. I did not see the option of a Box 13. I removed the Zero from Box 7 and then went back through it all. That did the trick. Thank you so much for the answer and your timeliness!
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