I am using Turbo Tax Business. I am getting and error can can't e file due to an entry error. The error is on the Schedule M-1 worksheet. It is requesting tp delete the entries made on Schedule L, line 16b and re-enter the tax exempt income items on the Schedule M-1 instead. When I check this is referring to the PPP loan forgiveness amount. Turbo Tax is reporting the amount in the K1 form under line 16b but this is creating the entry error with this error message. I don't know how to fix this and seems to be a bug as in the entry error the field in "red" is the Tax exempt interest out of state which has nothing to do as I have not reported any Tax interest out of state. have anyone experienced this error ? How can I get this reported to turbo tax ?
