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Retirement tax questions
On line 14 of the K-1 Select the category I 199A income. Enter $0. Select continue until the you are back at the Trust summary page. Run the error check. TT will say there is an error on the category I line item. Go back into the K-1. Remove the I category and select continue to return to the Trust summary page. Run the error check. The error is now gone. However, TT no longer reflects the information that is on the K-1. For the last 20 years as I have reported the K-1 from a Trust I have been able to enter 0 in that I category reflecting what is on supplied K-1. This year it does not allow the category I entry. Logic dictates that if an entry is 0 then the program should not go into a lengthy explanation of what the 0 consist of.
The same holds true for entering a K-1 for a LP except that the line on the K-1 is 20 and the category is Z.
INHO this is a design deficiency, AKA a bug.