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Business & farm
So, I fully agree that we should not override the info on the K-1. However, my predicament is that in Box 20 - Code Z, it indicates "0". The supplemental statement for the "subcodes" all indicate zero's. Turbo Tax seems to question this figure. I've tried to "trick" the system by typing in $0.001, but that doesn't work either.
All of this said, I have already contacted the tax provider TWICE and they have confirmed that the figures are correct on my K-1. That said, I'm fully expecting to be notified that an Amended K-1 will be forthcoming at some point. (FYI, they checked the "K-3 Included" -Box 16- when the cover letter plainly states that they are NOT including a K-3 at this time.... oy veh!)
March 20, 2022
10:11 AM