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March 8, 2021
Solved

K-1 form 1065 from an L.P. keeps linking to a Schedule E worksheet for line 7 "Royalties" even though the entry is "0".

  • March 8, 2021
  • 1 reply
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TurboTax is generating a form 1065 tor a K-1 I received from an L.P. I have an interest in.  On line 7 "Royalties" ; TurboTax is trying to link to a Scheldule E, even though the entry for Royalies is "0". Why is it doing this? There is no real estate.

Best answer by rogge1722

Delete the zero so line 7 is vacant.  That should clear the error.

1 reply

rogge1722Answer
Employee
March 9, 2021

Delete the zero so line 7 is vacant.  That should clear the error.

May 9, 2021

Thank  you, Rogge1772!

 

It works. It got me out of the frustration after almost spending hours.