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Level 3
posted Feb 3, 2020 11:16:59 AM

K-1 for S corp Other info box 17 V code error that need to clear

How can I clear a red error on box 17, V code on Schedule K-1 for S corp? 

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1 Best answer
Level 15
Feb 4, 2020 9:15:44 AM


@pjn wrote:

This screen probably appears on the interview format.  


Yes, the screen does appear in interview (Step-by-Step) Mode. However, if you go back through Step-by-Step, you will most likely discover that whatever steps you took in Forms Mode now appear in the interview. 

 

I followed the procedure you set forth in Forms Mode and, thereafter, the figure I entered appeared in Step-by-Step.

4 Replies
Level 15
Feb 3, 2020 12:51:14 PM


@pjn wrote:

How can I clear a red error on box 17, V code on Schedule K-1 for S corp? 


You have to check one (or more of the boxes) on the screen following entry of Line 17 with a V code.

 

Level 3
Feb 4, 2020 8:58:18 AM

This screen probably appears on the interview format. When using the forms format, such screen is not visible. Instead what did was I proceeded to scroll down where you enter Line 17 V code and found Section D1 that captures Statement A information and filled appropriate information and that cleared the error. Section D2 is filled mostly with information already on Sch K-1 and from other parts of the return.  

Level 15
Feb 4, 2020 9:15:44 AM


@pjn wrote:

This screen probably appears on the interview format.  


Yes, the screen does appear in interview (Step-by-Step) Mode. However, if you go back through Step-by-Step, you will most likely discover that whatever steps you took in Forms Mode now appear in the interview. 

 

I followed the procedure you set forth in Forms Mode and, thereafter, the figure I entered appeared in Step-by-Step.

Level 3
Feb 5, 2020 4:01:02 AM

That's great. I'll keep the step by step in mind when faced with another issue. I've always use the forms mode.

 

Thanks. 

 

P.S. Issue resolved for those facing the same questions.