K1 with no value, but need to file

takodaco
takodaco Member Posts: 1 Newcomer
in Filing my taxes

Hi community,

I have a partnership form schedule K-1 for my immigration visa program, which am I supposed to report every year. However, the value in boxes all show 0 and the software doesn't let me put this item down even after I have typed in all the details. I have copy C of 8805 for this to submit along with my federal tax as well. Is there a way to override the system? Can I still efile? Thank you for the help in advance!

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Comments

  • MatthewD
    MatthewD FreeTaxUSA Team Posts: 587

    Hi Takodaco,

    Keep in mind that a tax return reports income and losses. However, if you have a form with $0 income or losses, you are not required to report it. Our software will not allow a blank form to be entered. There is no way to override the software. You may need another way to report the K-1 to immigration.

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