The work-around for this issue is to delete both Schedule K-1 and Form 3468 (in that order) before you re-enter the K-1 information. In most cases, the recent updates prevent the gasification link, but this may not work for existing K-1 entries in returns with Form 3468.
To resolve this issue, follow these steps:
- Using the links below for instructions, delete K-1 Partner [name of partnership] and Form 3468 from your return.
- Return to the K-1 Summary page.
- Re-enter Schedule K-1 and check Box 20.
- Enter only one line for Code AJ and do not enter an amount.
- Continue to the page that asks for Other Information Detail. Enter a description and amount separately for both lines from Code AJ.
- Run Review/SmartCheck.
- If you receive a request for the registration number, enter TMXXX99XXXXX.
- Delete Form 3468 again.
- Run Review/SmartCheck to confirm the error has been resolved.
These steps are easier if you are using TurboTax for Desktop, as you can make edits directly in the forms and easily see what forms have errors (red exclamation marks). But it can be done in TurboTax Online.
Additional Information:
@Bwhitehead
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