davetodd11
Level 5
05-05-2022
12:06 PM
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I figured it out. ProSeries gives an error when entering Foreign Transactions info on the 1065 K-1 worksheet if entering both Passive and General income categories, and directs you to split these out into separate K-1s. When I removed the box 16, codes F and M data and entered just those two data elements to a separate K-1, the Form 1116 reverted back to the General Category Income selection. I was then able to enter my FTC carryover data without any errors.