JamesG1
Expert Alumni

Business & farm

@jchelak

In TurboTax Desktop Home and Business, I am able to enter K-1 amounts for 16B and 16C and the amounts in 17AC and 17V.

 

The tax return Smartchecks and meets Review.  I am able to view the 1040 and see the QBID.

 

All entries were entered in the step-by-step process.

 

I also reversed 16B and 16C and 17V and 17AC and the software returned no problems.

 

I did find this TurboTax Help concerning K-1, box 17, codes AC and AD.  I did not experience the issue that it outlines but, perhaps you are experiencing it.

 

Under the gross receipts test under Sec. 448(c)a taxpayer's average gross receipts for the previous three years must not exceed $25 million ($5 million prior to enactment of the TCJA).

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