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Level 2
posted Apr 14, 2020 2:00:04 PM

K-1 (form 1065) box 16 code I

Turbo Tax Premier is giving me a problem.  It says K-1 (form 1065) box 16 code I should not be negative when I run smart check.  My K-1 says a -9 how to I fix this.  Screen shots of the error and K-1 showing this are attached.

 

[Images removed due to PII]

 

Thanks,

0 2 1586
1 Best answer
Expert Alumni
Apr 14, 2020 2:21:26 PM

This is not a critical issue so remove the negative entry and make it blank. Remove the code 1 out of box 16 also if you don't have any other entries. 

2 Replies
Expert Alumni
Apr 14, 2020 2:21:26 PM

This is not a critical issue so remove the negative entry and make it blank. Remove the code 1 out of box 16 also if you don't have any other entries. 

Level 2
Apr 15, 2020 12:05:03 PM

After removing Box 16 code I there is still a problem.  I still have this error when running smart check.screen shots attached

 

Why is the form not calculating entries for A, B, and C.

 

Thanks,