DennyBriBri
Returning Member

Business & farm

I don't understand your fix to the same issue I'm having.  In my 1120S I have one K-1 from a 1065.  I decided to delete the K-1 in my 1120S (Turbotax Business) and re-enter the K-1.  I scrolled down to Section A and entered exact information from the Statement A-QBI Pass-through Entity Reporting document that came with the K-1.  As soon as I enter the Ordinary Business Income, an error occurred on 199A Stmt A Sum (Page 1). 

 

I'm not sure why this is happening because the income number is the same as the K-1 amount. 

 

my error: Ordinary business income - The total amount is large than the amount allocated to all Schedule K-1 Statement A to ensure that the combined K-1 amounts for this item are increased by $

 

Can you help with this?