RDT3
Level 1

Business & farm

I'm a novice here myself. Don't know if I'm even doing this right. On my post I just said that I solved K-1 20 Z problem without saying how. Here's more on issue.

 

Like I said in earlier post, I didn't completely understand what I did, but whatever it was, solved the problem of getting errors when I did my reviews.

I was under the assumption that when the error was presented on the screen, that the error was on the form 1065, Box 20, code Z. I kept entering various numbers but nothing cleared the error(s) when I tried to file again.

 

Instead I switched to forms (upper right on screen) and went to section A of the K-1 form and got some income/loss numbers from there. Then went back up (same form K-1) and put those number for Box 20, code Z where "STMT" was before.


Hit the "+" to get to "supporting details" and entered Sch 199A, and income/loss numbers.

One more place to enter income/loss numbers, same form (K-1) section D1 down lower, on line asking for "ordinary business income/loss) enter same numbers as above.

 

Don't ask me what I just did, I don't understand it, but if you look to the left side bar, mine had a red (!) indication an error on that form. Once I entered as explained above, "red !" and I was clear. Do same for all the other K-1's that you have problems with.