K-1 distribution box 16d wrong

[terryl_tt]

Hi:

I did a preliminary 1120S  tax return in December for my Sub-S .  Now I am trying to finalize it with the actual numbers.  The K-1 is remembering the December projected distribution amount in box 16D.  I can change the distribution amount for the shareholder to anything or even say there was no distribution.  The old number from December remains when I re-generate the K-1.  I have gone into forms and deleted the form to no avail,  When I try to distribute, the K-1 is still wrong.    I do not want to edit the form manually.  I am a one person company and am definitely not an accountant.  And I am unsure if the wrong number is reflected elsewhere in the return.  Just like the 1120S, I just want the K-1 to be generated based upon the actual data I entered.  I have TurboTax to handle the details for me.  How do I solve this problem?  Thanks in advance,  Terry

[Anonymous_ · Accepted solution]

You can contact Support (link below) during regular business hours. 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

However, I strongly suspect that there will be a future release (or more than one) that will resolve this, as well as a couple of other issues, with the 1120-S module in the program.

If you enter Forms Mode, open your Form 1120-S, page 3-5, scroll down to the Shareholder Distributions and Dividends Smart Worksheet, you may notice that any figure you insert in that "A" box is highlighted in red. That, more or less, indicates there is an issue with the entry (which there should not be) so, clearly, the program is not quite ready for final preparation and filing.