K-1 (form 1120-S)

K-1 form 1120-S I've entered a "G" number for box12 (other deductions). On the forms page the number appears on the K-1 form 1120-S at box12 Code G printed in RED indicating it is incorrect.

Ican not change to a blue "G". The number entered appears correct.

Thanks

posted

Box 12 Code G is not supported for Qualified Conservation Contributions or any other 100% charitable deductions. TurboTax does allow for up to 60% of income for cash contributions or 50% for non-cash contributions. You have the option to use Code A for Box 12 to enter the Contributions from Schedule K-1.

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