Box 20 of my K1 use code AJ which is Excess business loss limitation. A TurboTax review it wants me to identify the amount as some type of gasifaction?? Code AG. Help

[sjb002]

This has been a known issue for weeks now and how is there not a fix?! Turbotax software obviously thinks this AJ belongs to a different K1 box since Box 20 AJ has nothing to do with gasification or mining.

We're not even close the married 540,000 limitation so I'm thinking its just going to be easier to omit AJ.

[PatriciaV]

The incorrect identification of Code AG/AJ will be addressed in a forthcoming update. We recommend signing up to be notified when the update is released: Why am I receiving an error in TurboTax for Schedule K-1 Box 20 when code AJ is selected?

However, since this information will be used only if your net losses from all businesses are more than $289,000 ($578,000 if filing a joint return), you have the option to omit the code and the amount(s) from Schedule K-1.

@gcburke 

@sjb002 

[kwall71]

I paid extra for the upgrade to get help.  I was transferred to 2 different people, we spent over an hour and a half on the phone.  She still could not help me- please let them know too.  It would have saved everyone a lot of time.  Please tell me this will be fixed soon.

[Jen_K]

TurboTax needs improvement on 1065 input, and many people run into this Box 20 AJ code issue. The link of update is not working.