topic Beneficiaries percentages do not equal 100% in Deductions & credits

Beneficiaries percentages do not equal 100%

metchy — Tue, 10 Feb 2026 10:56:16 GMT

Using TurboTax Business to complete a return for my deceased father. I still need to update a couple of fields, but I went through to see what the "check for errors" would say. I got a message saying "the beneficiaries percentage do not equal 100%" but nothing that says how the 100% value is calculated. Each beneficiary got a slightly different amount of cash because some of them received property (furniture, lawn mower, etc.) in lieu of cash. Is that causing a problem? Do I have to report the value of items allocated to heirs in lieu of cash? The only cash distributed was from the sale of the house, and most of the items in it had no value and had to be disposed of.

Re: Beneficiaries percentages do not equal 100%

Anonymous_ — Fri, 23 Feb 2024 17:40:11 GMT

Re: K1 errors - do I need to list cash distributions to beneficiaries from checking accounts? (intuit.com)

Re: Beneficiaries percentages do not equal 100%

metchy — Fri, 23 Feb 2024 18:54:30 GMT

Update: this is a bug. TT should be asking me what percentage each beneficiary recieves and populating that info into the K-1 form. It does not ask, does not populate, and does not tell me to put the info in the form manually.

BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG BUG

Re: Beneficiaries percentages do not equal 100%

dlk03 — Tue, 01 Apr 2025 02:03:11 GMT

Did anyone figure out this bug? I am getting this message still and cannot see how to enter a percentage for the beneficiary distributions.

Re: Beneficiaries percentages do not equal 100%

DianeW777 — Wed, 02 Apr 2025 16:55:07 GMT

Please try this action to enter the beneficiary percentages and the combined total should equal 100% in TurboTax Business.

Go to Forms > click on Schedule K-1 for each beneficiary on the left side > scroll down to Beneficiary's Allocation Smart Worksheet > Enter the percentage under B(1). After entering the percentage, the correct figures should be displayed.
This should remove the message.

If you have additional questions, pleases update and we will help.

@dlk03

Re: Beneficiaries percentages do not equal 100%

Rsriffe — Sun, 22 Feb 2026 03:22:44 GMT

I cannot delete the percentages. I don’t want a percentage. I have entered the correct amounts in A that go to each beneficiary No where did I give a percentage. The percentage is black and I cannot change or Delete it.

Re: Beneficiaries percentages do not equal 100%

PatriciaV — Sun, 22 Feb 2026 16:55:15 GMT

Have you entered distributions under Federal Taxes >> Distributions or on Schedule K-1 Part II Line A? TurboTax Business will automatically calculate the beneficiaries' percentages based on the distribution amount you have entered.

You have the option to remove the distribution amounts, which will eliminate the percentages on the Beneficiary's Allocation Smart Worksheet. Or you can change the percentages by changing the distribution amounts.