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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,

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1 Best answer

Accepted Solutions
DaveF1006
Expert Alumni

K-1 (form 1065) box 16 code I

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. 

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2 Replies
DaveF1006
Expert Alumni

K-1 (form 1065) box 16 code I

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. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

K-1 (form 1065) box 16 code I

After removing Box 16 code I there is still a problem.  I still have this error when running smart check.screen shots attachedSch K-1 Wks- Partnerships (Alliancebernstein Holdings) Passive1.JPGSch K-1 Wks- Partnerships (Alliancebernstein Holdings) Passive2.JPG

 

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

 

Thanks,

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