I am still having problems with this issue when I attempt to complete my personal 1040 form using TurboTax online. My entries to Form 7023 Part II made in Turbotax online do not save. Therefore I am getting an error.
"Sch K-1 Wks- S Corporations Form 7023: Line 35, column D should be blank when Part II, Line 29 Total column is zero."
What's happening here is that I was able to enter figures into 7023 Part III which equal my allowable loss. But it does not comport with the Part II fields which are blank because when I enter values it does not save them.
It makes sense that the Part II values should be entered by Turbo Tax will not save them after I spend a lot of time entering them.
