Return check flags as an error Part III, Line 7 on my K-1

Forum|Forum|3 years ago
April 11, 2023
1 reply
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I was ready to file my return when I got an error on my K-1 under Part III, Line 7. This line says "Double-click to link royalties to Schedule E Worksheet." Double-clicking in the space does nothing. The Royalties entry for Line 7 is blank. I cannot figure out how to get past this error in order to file my return.

PatriciaV

Employee

Your best option may be to delete this K-1 and re-enter. However, also check the K-1 information section to see if you checked more than one type of activity or checked a box other than Ordinary Income. Finally, is this an oil & gas partnership? That might trigger the Schedule E link.

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Jon_HansonAuthor

I deleted and re-entered all of the K-1 information, but I'm still getting the same error. I wasn't sure about Box 20. Everything is 0 except it says STMT. So I wasn't sure if Box 20 had something in it when it asks you about boxes that have some value in the or are checked. This time I left Box 20 blank but still got the error. Last time I had Box 20 checked but I'm guessing I should have Box 20 checked because there are values on that statement.

I never received a Schedule E from this partnership so I don't know what to put on that form anyway.

I do believe it was an oil and gas partnership that was a stock I bought in 2022.