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Updated almost 9 years ago,
TurboTax Business, Schedules L and M-1
Using TurboTax Business to do my taxes, and it has been great besides this one issue preventing me from e-filing. On form 1065 Schedule B, the instructions state that you do NOT need to complete schedules L, M-1, or Item L on Schedule K-1 if you satisfy all four conditions of Line 6, which is true for us. However, the TurboTax program is still forcing numbers into Schedules L and M-1 which creates an error telling me it is out of balance by the amount of our loss for the year. Due to this error, it does not let me e-file, nor does it allow me to manually clear out those fields. Does anyone have experience with how to get the program to leave these sections blank when they should be? Thanks!