PatriciaV
Expert Alumni

Get your taxes done using TurboTax

Does your Form 1065 Schedule K-1 report Box 20 Code AJ? There have been recent TurboTax updates that addressed the issue you mention. But they may not resolve issues with K-1s that were entered before the updates were released.

 

Please follow these steps:

  1. Go to the Schedule K-1 Summary page (search on k-1 and click the "jump-to" link).
  2. Delete the K-1 with Box 20 Code AJ.
  3. Delete Form 3468 (see links below for instructions).
  4. Run Review/SmartCheck to confirm the error has been resolved.
  5. Re-enter the K-1.

 

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