Skip to main content
April 24, 2024
Solved

K-3 error

  • April 24, 2024
  • 1 reply
  • 0 views

When running the error check, turbotax states "sch k-1 wks-partnerships: deductions-passive category (line M) is entered but no foreign source income for passive category has been entered (line M). Enter the income on Line M or remove the deduction."

My K-3 lists this foreign passive deduction, but the partnership has no income, so how do I reconcile this?

Thank you.

    Best answer by Mike9241

    oops  a Turbotax oops.   (M should only be from the k-3 part 2, section 2, line 54, column C ) Income would go on line F. (k-3, part 2, section 1, line 24, column C. it would seem both lines P & Q are blank or zero. therefore, delete the entry on M. 

     

    1 reply

    Mike9241Answer
    April 24, 2024

    oops  a Turbotax oops.   (M should only be from the k-3 part 2, section 2, line 54, column C ) Income would go on line F. (k-3, part 2, section 1, line 24, column C. it would seem both lines P & Q are blank or zero. therefore, delete the entry on M.