How do I correct K-1 line 13 code W entry?

Forum|Forum|7 years ago
June 2, 2019
1 reply
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My K- has 3 codes for line 13 (H-10, K-46, w-60), in the Federal tax review I am getting following error ~the amount entered for all items (H,K,and W) equals 106. This exceeds the K-1 entry for code W(60), please review and correct. How do I correct?

TurboTax Premier Windows

Irene2805

Level 15

It looks like they're might be a type somewhere - the amounts don't add up.

10 + 46 + 60 = 126

Please check your entries to see that they match the paper K-1 form you were given. Also make sure you have entered a state for the code W entry.

Go back into the K-1 entry screen, using these steps:

Click on Federal Taxes > Wages & Income > I'll choose what I work on].
Under Business Items, click on the box next to Schedules K-1, Q.
On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to Partnerships/LLCs (Form 1065)
Continue through the screens to review your information.