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Investors & landlords
Is there any update on a fix for this issue? I have an Indiana K-1 (IT-20S/IT-65). The form provided to me shows a negative number in Part 4, line 7 for code 641. TurboTax (desktop product) will not allow me to enter a negative number. The instructions provided by the state are clear that a negative number is allowed (quoted from the Instruction Booklet below). The software won't even permit an "override" for that line. How do I file if I can't even enter the information?
"Part 4 – State Modifications
Lines 1-7. Enter the Indiana modifications from the front of
Form IT-65, lines 2a through 2c (and any additional sheets) as
percentage applied. In the case of nonresident individuals, enter
them as apportioned. List the pro rata share amount of each
modification on the appropriate line. (Use a negative sign to
denote negative amounts.)"