Sounds like you could have a 76 or earlier 750 wheel in there. If you do, and it has the original axle the, axle unthreaded end will be smooth and have a cross hole drilled through it.
To remedy, provided you have a 77/78 motor, or the longer sprocket shaft in an earlier engine, use a 77/78 K sprocket carrier and inner spacer, or space the sprocket out on the early carrier, and build a wheel spacer..