Question

How do I know if a balance sheet is required for a business? I am in NY State. Also, Turbo Tax keep sendnig me to k-1 Entry Wks-Partnership; I do not have a k-1

Forum|Forum|7 years ago
June 5, 2019
1 reply
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How do I know if a balance sheet is required for a business? I am in NY State. Also, Turbo Tax keep sendnig me to k-1 Entry Wks-Partnership - Worksheet to Enter Partners Share of Income, Deductions, Credit, etc. I did not receive a K-1 from anyone.

TurboTax Deluxe Windows

T

ToddL

Employee

You will need to complete a balance sheet if filing a NY tax return.

https://ttlc.intuit.com/replies/3302277

You can eliminate the K-1 questions by using "Delete a Form" tool to remove the K-1 from your tax file.

See: How do I delete forms in TurboTax Online?

After deleting this form (and associated worksheets, if any), log out of the program. When you log back in, you use the Delete a Form tool to see if they have been removed from the list of forms in your return. If they have, you should be able to complete your return.

R

robbhurst

Trying to find the requirement for Georgia that a balance sheet is required for a partnership GA 700. Didn't see anything in the instructions. Can you provide source for the requirement?