Where to find/generate new K-1 worksheets

Forum|Forum|1 year ago
October 3, 2024
2 replies
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In Part II (Gross Income), line 24 (Total gross income), of my K-3 has entries in both column B (Foreign Branch category income) and column C (Passive category income).

TT error check on my K-1 says, "Foreign gross income - Passive category Line F: Foreign income has been entered for more than one type. Use separate K-1 worksheets to report more than one type of foreign gross income sourced at the entity level."

How do I go about creating a "separate worksheet" in TT?

Anonymous_

Employee

No text available

pk12_2

Employee

@Aggiedave , I used the following way to create a new K-1 worksheet--

On my windows version of H & B, on the top left ribbon there is a File Folder pix with the label " open form"

Clicked this and under federal forms tree go down till you find K-1 worksheet for different types of entities. Click on the appropriate type and a new window open asking for name of this worksheet and then finish. This will put a new/ additional worksheet in your forms window.

Hope this helps

AggiedaveAuthor

I think I've been able to open a new worksheet. Specifically, I'm trying to create another "Schedule K-3 - Foreign Transactions Smart Worksheet". I go to "Forms" and click on "Open a Form". From the dialog box, I select "K-3 Worksheet (Partnerships). In the subsequent dialog box I see my existing worksheet with the option to "Create a new copy". I click "Create a new copy". However, once I've created a new blank worksheet, I can't actually type anything into any of the blanks. TT says I have to have a separate worksheet for each type of foreign income on the K-3. I have "branch" as well as "Passive". How do I create a separate worksheet where I actually enter information? How do I get TT to recognize and pull from two different worksheets to calculate my taxes?