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Level 2
posted Mar 9, 2025 4:45:08 PM

K1 Error

I'm trying to electronically file my taxes and I get an error message that continues to loop me back to the K1.  "Form 1120S p35 - 199A Stmt A Sum (page 1): W2 wages - the total amount is larger than the amount allocated to all scheduled K1s. Review the K1 statement a to ensure that the combined K1 amount for this item are increased by $35,708.."  It then takes me to the entry of K-1 but nowhere does it tell me where I should enter the figure.  I have no idea where to increase this amount. It makes no sense.

If anyone has any suggestions, I would be thrilled.

Thanks.

0 1 1168
1 Replies
Employee Tax Expert
Mar 10, 2025 7:07:53 AM

If you are in TurboTax Business Windows, you may be generating a Statement A which reports income, deductions, wages and UBIA to be reported to the members.

 

It sounds like an incorrect amount is being reported for W-2 wages for the business on the Statement A.