Re: Section 199A Income on K-1
Without seeing the K-1 form and the accompanying notes, it is difficult to understand what is causing your error. The following is only a guess of what maybe causing your Turbotax error.
Also, there should be an explanation mark (!) next to the K-1 form causing your error message when the form view is opened .
The Turbotax error message is maybe caused by entering all of the information on a single K-1 form within Turbo Tax. Separate K-1 forms are required for each when there are separate amounts shown in boxes 1, 2 &/or 3 of your K-1. The entry for the 20Z1 should be matched against the K-1 with the $193 income if it is in box 1 of the K-1. When entering do not fill in an amount against 20Z1, leave it blank. Clicking on the blank box will open up a separate form where you enter the $193 income amount as income generated by the company or from an outside organization, per the accompanying K-1 form notes (Attachment A).
The Z2 should probable match up with a separate K-1 form, with $0 in either box 2 or box 3.
Alternately, do not report the $0 amounts shown in box 2 & 3 and Z2 entry as they do not affect your taxes.
Let me know if this resolves your Turbo Tax error message
If you want to send me a copy of the K-1 and instructions, I can take a further look at it and try to resolve your error, if the above fix does not work.
