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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Smartcheck finds this: Sch K-1 Wks-Partnerships (): Box 16 Description-1 has been entered for more than one type of income. Use separate K-1 worksheets to report more than one type of foreign gross income sourced at the entity level.
I click on the amount and it opens a dialog box allowing multiple sources, so I entered 2 sources that added up to the correct amount on my K-1 received. The correct total is reflected in the 16 B line, but the error refuses to clear.
I'm adding pictures showing the K-1 16 entries and in forms mode.
Thanks in advance!
Robert H
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Issues regarding Box 16 Foreign transactions are becoming a plague. My suggestions is as follows: If you do not have any foreign tax paid; box 16 (P), then there is no need to fill out a f1116 for foreign tax credit. So I suggest to dispense with all foreign transactions. If you choose to do this, then in Forms Mode, in the left pane, click on the k-1 partner to bring it up on the right pane. Scroll down to 17 and just above it there is a quickzoom to add additional foreign tax info. Click on it and it will bring up the additional info wks. Scroll down to "Box 16: foreign transactions." Then under "Code P, Q, etc ", locate line 3a. It states "do you elect to forego completion of f1116." Check mark the Yes box. That will clear all errors and will dispense with foreign transactions..
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Issues regarding Box 16 Foreign transactions are becoming a plague. My suggestions is as follows: If you do not have any foreign tax paid; box 16 (P), then there is no need to fill out a f1116 for foreign tax credit. So I suggest to dispense with all foreign transactions. If you choose to do this, then in Forms Mode, in the left pane, click on the k-1 partner to bring it up on the right pane. Scroll down to 17 and just above it there is a quickzoom to add additional foreign tax info. Click on it and it will bring up the additional info wks. Scroll down to "Box 16: foreign transactions." Then under "Code P, Q, etc ", locate line 3a. It states "do you elect to forego completion of f1116." Check mark the Yes box. That will clear all errors and will dispense with foreign transactions..
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Problems with foreign transactions Box 16. I followed the suggestion to dispense with all foreign transactions. That solved the problem, except he forgot to mention that you also have to insert the name of the partnership at the top of the form. If you don't, there is no transmission for efile until you do so.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Thank you SOOOOO much! It was keeping me from printing OR e-filing!
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K1 entry for 16B is getting an error in red. It seems to want me to enter separate foreign source entries in a multiple entry form, which I do. Error does not clear.
Thank you so much. Took our month of frustrations away in a few seconds.😃😘
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