K1 Error

JHSII — Sun, 09 Mar 2025 23:45:08 GMT

I'm trying to electronically file my taxes and I get an error message that continues to loop me back to the K1. "Form 1120S p35 - 199A Stmt A Sum (page 1): W2 wages - the total amount is larger than the amount allocated to all scheduled K1s. Review the K1 statement a to ensure that the combined K1 amount for this item are increased by $35,708.." It then takes me to the entry of K-1 but nowhere does it tell me where I should enter the figure. I have no idea where to increase this amount. It makes no sense.

If anyone has any suggestions, I would be thrilled.

Thanks.

Re: K1 Error

JamesG1 — Mon, 10 Mar 2025 14:07:53 GMT

If you are in TurboTax Business Windows, you may be generating a Statement A which reports income, deductions, wages and UBIA to be reported to the members.

It sounds like an incorrect amount is being reported for W-2 wages for the business on the Statement A.

topic K1 Error in Business & farm

K1 Error

Re: K1 Error