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On Form 1065, Schd B, Line 3b, the program should not list partnerships with % ownership less than 20%. It erroneously lists them. How do I fix/override this?

jerrygro
Level 1
I have clearly shown ownership in these partnerships as less than 5%.  On the Other Information, Schedule B, I DO NOT list them.  However, the program insists on putting them on the Form 1065 under B/3b for partnerships owned MORE than 20%.
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1 Comment 1
George4Tacks
Level 15

Did you input these partners in the Other Information (Schedule B)  dropdown? If so, delete that input. Look at the NOTE: at the top of that input. 

If this is not the solution, you should contact support. 


Here's wishing you many Happy Returns
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