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I am trying to enter $10million for Box 17 info, code AC from a K-1 and it is saying there is a maximum value. I have never had this problem before. Is this now limited?

 
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2 Replies
HelenC12
Expert Alumni

I am trying to enter $10million for Box 17 info, code AC from a K-1 and it is saying there is a maximum value. I have never had this problem before. Is this now limited?

TurboTax limits the number of digits in data entry fields to nine, including the cents figures to the right of the decimal point.

 

To get around this,  break the transaction down into two or three equal transactions with identical information.

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I am trying to enter $10million for Box 17 info, code AC from a K-1 and it is saying there is a maximum value. I have never had this problem before. Is this now limited?

...but, sometime 2 or 3 that are "exactly" the same generates an error in TTX as duplicate entries.  So 2 or three different ones that total the same might work better, if it works out.

 

10 mil = 500k +300k +200k

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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