Hi I am new to the forum,
Just want to find an answer to this error message I have in TurboTax business 2018.
Here is a screen shot. I would spend at least 24 hours being grateful for any assisance that leads to an answer before I move on to the next issue. lol
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Did you perhaps indicate that the entity (partnership, LLC) makes special allocations? If so, then QBI amounts may have to be manually entered on the K-1s as stated in the text in the screenshot below.
Sometimes problems like this are due to how TurboTax handles rounding. If you've made entries in dollars and cents, try making the entries that go into determining the code Z amounts in whole dollars instead.
Did you perhaps indicate that the entity (partnership, LLC) makes special allocations? If so, then QBI amounts may have to be manually entered on the K-1s as stated in the text in the screenshot below.
Thanks tag team, this was very helpful. It helped me to resolve the problem. Now my business taxes are ERROR FREE!!!!
Kind regards,
wannabedone!
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