K1 Partnership worksheet error

Forum|Forum|4 years ago
March 17, 2022
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I am getting an error message that I need to fill out the K1 partnership worksheet, but I don't have partners and I don't know what triggered this message. I'm unable to file my return without completing this form, but I am the sole owner/employee for my S-Corp.

PatriciaV

Employee

Please clarify the exact error message you see. What version of TurboTax are you using?

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Karin 1Author

K-1 Entry Wks- Partnerships (untitled) Partnership name has not been entered.

PapaOpah

ALL of the information was entered. All of the information was correct. The generated K1 for my wife was missing line 14, self-employment earnings/loss. The program correctly divided all of the income correctly, as well as the capital accounts, depreciation figures for the 179 carry forward. The K1 is completely correct with the exception of also listing the information from Line 1 - ordinary business income/loss, also onto line 14, self employment income. Line 1 is exactly half of the total business income as it should be when Partner/members are 50/50.

To reiterate Sched K1, form 1065 part I is complete and correct, Part II is complete and correct, Part III is missing the information for line 14 which should have been there because Line 1 of part III has ordinary income. Both partners are materially involved with the LLC. ALL of the boxes were checked correctly. The K1's are Identical save for line 14.