K-1 Forms and Form 3115

Forum|Forum|4 years ago
October 11, 2021
2 replies
24 views

Does anyone know why filling out the entries for a K-1 form issued to a taxpayer would trigger ProSeries to generate Form 3115 and ask me a series of questions on why the taxpayer is requesting a change of accounting, when no such change is being requested?

ProSeries Basic

This topic has been closed for replies.

Best answer by IRonMaN

But have you tried deleting the K-1 and started a new K-1 from scratch?

T

TaxGuyBill

Level 15

That is weird.

I think I would delete the K-1 and 3115, then re-enter the K-1 one box at a time to see EXACTLY when the 3115 is being triggered.

PATAX

Level 12

The program does that once in awhile and it is apparently a glitch ...did that recently for me on nonprofit return when it asked for an explanation in the changing of the inventory method when there was no change in the method or valuation....

J

JOFI

Author

Intuit Community Champion

How did you e-file the return then? I have tried deleting the Form 3115, but it keeps coming back up with errors showing for the blank entries. If the errors are there, I cannot e-file the return.

PATAX

Level 12

I typed in " beginning inventory and closing inventory both valued at cost as before" or something similar... And I just e-filed the return with this on the so called "explanation form" that the software produced.... Not sure if you can do that in your case...

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