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Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

 
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7 Replies

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

Please elaborate. Was the K-1 you received from a partnership (form 1065) with a "V" code in Box 20?

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

No. The K1 was part of my corporate report. Box 20 is empty. But when I did the personal return, box 20 could not be edited or unchecked. 

 

A couple of days later, today, I reopened the personal return to try to finish or re-enter everything. 

 

By today, though, TurboTax had fixed whatever the issue was and the income info from the business return was correct and the box 20 info was all zeroes, as it should be. 

mnbkelly
New Member

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

No Z* STMT

DaveF1006
Expert Alumni

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

You may need to amend your return to put that information in. If there is a V or Z, then it may qualify you for the Qualified Business Deduction if you didn't receive it on your original return.

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Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

Why are the K-1's empty.  

 

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?

No I am filing an estate tax return for someone's death.  All the K-1's are emply.  no amount is entered .

Problems with Box 20 on K-1 form. Last week when I filed my business return that box was empty. Now it's not. What to do?


@CynthiaAliciaSchell wrote:

No I am filing an estate tax return for someone's death.  All the K-1's are emply.  no amount is entered .


You need to make a distribution in the Distributions section of the program.

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