Business & farm

Thanks @PatriciaV 

 

Last year, in 2022, this value is not entered where you indicate, yet the number appears on the K-1. There is a number under Other > Self-Employment Earnings Worksheet > Other Schedule K-1 Items. But I did not recall how that number got there, nor is there any explanation on the UI that indicates such. Entering the value didn't work in the 2023 version of the software.

 

The K-1's are altered and now the value appears on lines 4a and 4c on the K-1. On the worksheet, line 4a(3) is empty with the value on 4a(1). Line 13 is also populated with the correct code (M).  However, the overall income is changed as well, showing this as an expense (deducted). This doesn't seem right, as the overall expense is deducted on the personal return, and should not be deducted  from the business income. Something still seems wrong. I'm concerned about the inconsistencies between the two years.

 

Thanks again for your help.