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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?
March 13, 2021
7:43 AM