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adeleous
New Member

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

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?

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1 Reply
IreneS
Expert Alumni

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

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