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Business & farm
IN the business edition of turbotax, these is no option to enter a code Z on line 20. So I checked the "section B1" box in the K-1 form interview, and then entered amount from the K-1 20Z in section A by selecting PTP and entering the amount on the ordinary business income (loss) line of section A. I am now getting an error on page 2a(i) 6 the error stsates: "Analysis of Net income is incomplete by $xxxx. There may be partners for whom no entity type has been selected on the K-1 worsheet, or guaranteed payments have not been allocated...." I do not see where an entity type is entered in the K-1 worksheet. Thank you
‎April 4, 2024
2:42 PM