bbrichta
New Member

Business & farm

Hello - 

I was having the same issue and was able to resolve via this detail.  In p.4-5 of the 1065 there is a section for Partners Liability Smart Worksheet.  In that section a letter was assigned to the liability amount that was creating the error (in my case "A").  When I returned to the "Sch K-1 Wks" section, I entered the amounts for each partner in the "By Amount" column by the letter A, and it all worked!  


https://ttlc.intuit.com/questions/1899444-how-do-i-enter-recourse-debt-in-schedule-k-form-1065