On my K-1 there is no AJ for Box 20 that seems to give an error to many. I have only N,V,Z for Box 20. But I still continue to get the Form 3468 error (13 times in the Review).
(Someone asked & I have nothing in Box 15.)
I've tried deleting the form & saving TT, but that dreaded form (for which I have NO answers) keeps coming back. Hours spent trying the various things suggested for this K-1 ! The suggestions don't work for me.
How can I correct the errors & file taxes with TT showing 13 errors due to form 3468????
Have you tried deleting the K-1 and re-entering the information again? A recent update should have resolved this issue, but it may not apply to an existing K-1.
After you delete the K-1 and before you re-enter, check to see if Form 3468 remains in your return. If so, delete that form as well.
Additional Information:
I appreciate the reply. I deleted & re-entered the K-1 and form 3468 re-appeared with errors. However, this time when I deleted the form, it remained deleted and the review showed no errors. Very glad it finally worked after hours wasted.
Thanks for your help!!!
I have the same problem. Deleting the K-1 did solve the Form 3468 problem but created a new problem. When re-entering the K-1 again, Turbotax did not automatically carry over data from previous years. How do I get it to do that?
Thanks!
When you delete an entry for Schedule K-1, you will need to re-enter any information that should have carried over from last year. You may need to refer to the K-1 worksheet from your prior return for certain information (such as beginning basis, liabilities, and carryovers).