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Self employed
A recent update should have resolved this issue, but it may not apply to an existing K-1. You should be able to correct this and delete Form 3468 as follows:
- Return to the K-1 Summary page.
- Edit Schedule K-1 and check Box 17/20.
- 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 (either in Forms Mode using TurboTax for Desktop or using Tools >> Delete a form in TurboTax Online).
- 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:
- How do I view and delete forms in TurboTax Online?
- How do I delete a tax form in the TurboTax CD/Download software?
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March 26, 2024
10:24 AM