1120S - Error Related to UBIA

[M_Marshall]

When running error check on my 1120S, I get the following: 

Form 1120S p3-5 - 199A Sum Wks (Page 1): UBIA - The total amount is larger than the amount allocated to all Schedule K-1's. Review the K-1 Statement to ensure that the combined K-1 amounts for this item are increased by [amount of UBIA]. 

I only have one K-1 for this business, and the UBIA is automatically calculated. How do I fix this? If I proceed to file without correcting the error, TT deletes the number from the UBIA field completely. 

Thanks for any help. 

[jhipps3844]

Exact same problem and this is a new issue, so I'm super pissed because I though we were good to go.  

[awarnow]

I am having this problem too.

[M_Marshall]

I think I may have found a fix for this error. I switched to forms view, went to Statement A for the K-1 and entered the TT-calculated UBIA into the UBIA field on the Statement. I ran the error check again and it cleared. For some reason the program must not be pulling the UBIA into the Statement for the K-1. I'm crossing my fingers this works. 

[jgs]

adding the TT generated UBIA to Statement A worked for me.  Thanks!

[jhipps3844]

Thank you so, so much!!!! It worked!!!

[Liongirl24]

Thank you so much for posting this error. I got the same error. Because of you, I fixed mine too!!

Thank you very much:)

[Liongirl24]

Thank you for posting how you fixed the error. You were right! it worked for me too. Thank You!!

[Anonymous]

Thanks for the solution. I just spent the last two hours trying to figure it out. So very frustrating.

[DennyBriBri]

I don't understand your fix to the same issue I'm having.  In my 1120S I have one K-1 from a 1065.  I decided to delete the K-1 in my 1120S (Turbotax Business) and re-enter the K-1.  I scrolled down to Section A and entered exact information from the Statement A-QBI Pass-through Entity Reporting document that came with the K-1.  As soon as I enter the Ordinary Business Income, an error occurred on 199A Stmt A Sum (Page 1). 

I'm not sure why this is happening because the income number is the same as the K-1 amount. 

my error: Ordinary business income - The total amount is large than the amount allocated to all Schedule K-1 Statement A to ensure that the combined K-1 amounts for this item are increased by $

Can you help with this?

[mtsuser]

I ran into this issue on my 2021 Scorp return, I tried to understand this issue however could not locate issue. In any circumstance what I did to resolve is during the step-by-step questions regarding QBI adjustments fields, I just put the same number in adjustment fields that was shown, and it solved the problem.