Business & farm

With the help of a fellow partner I identified the issue. It is an entry issue during the interview for my K-1.

when entering any Employer contribution reported in box13 code R of your K-1, make sure to enter it on the line shown and NOT the line above.  Although it is not exactly a "matching contribution" in my case it is an employer profit share,  if entered in the line above TT assumes it is employee elective deferral and then generates the erroneous error described in the post above.

Box 13 code R.JPG

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