topic Re: 1065 K-1 Box 20 AJ Code in Self employed

1065 K-1 Box 20 AJ Code

siraseranant — Tue, 10 Feb 2026 10:56:31 GMT

Hello,

I am currently working on my tax on Turbo Tax Windows version. We paid an accountant to issue us the 1065 K-1 partnership for 2023. In box 20, it is shown code AJ with STMT, which refers us to the Supplemental Information, page 2. In the descriptive information, there are 2 AJ codes listed with 2 different amounts:

AJ Aggregate Business Activity Gross Income $10,000.

AJ Aggregate Business Activity Total Deductions $ 800.

When input this data into turbo tax for box 20, do we list these 2 AJ codes separately per line into the system? exactly as listed?

Thank you for your input!

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Sun, 25 Feb 2024 02:03:39 GMT

Please let me know if you get this figured out. I’m having the exact same issue.

Re: 1065 K-1 Box 20 AJ Code

ray2ray — Sun, 25 Feb 2024 15:11:56 GMT

Same exact issue. I hope they post an official "Correct" answer to this soon.

Re: 1065 K-1 Box 20 AJ Code

PatriciaV — Sun, 25 Feb 2024 19:01:25 GMT

To be accurate, you should enter Box 20 Code AJ twice - once for Gross Income and again for Total Deductions.

Note, however, that this information will be used only if your net losses from all businesses are more than $289,000 ($578,000 if filing a joint return).

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Mon, 26 Feb 2024 23:57:47 GMT

Still get this gasification page after I enter it twice. Really need help with this. @PatriciaV

Re: 1065 K-1 Box 20 AJ Code

kmadsen12 — Tue, 27 Feb 2024 04:15:44 GMT

@Lalo86 I am having the same issue. I have spent several hours on trying to figure out what I was missing. Have you had any luck?

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Tue, 27 Feb 2024 04:31:21 GMT

I spent about an hour on a chat with a “tax expert” and then they finally needed to transfer me to a business “tax expert” more familiar with the k-1’s. I allowed them access to my k-1’s, in order for them to try and find a work around. Still waiting for an answer from the Business Tax Expert. When I get one I’ll try and pass it along. @kmadsen12

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Wed, 28 Feb 2024 00:48:46 GMT

Hey @kmadsen12 it looks like turbo tax is aware of the issue now, and working to resolve it. Found a page you can sign up for updates regarding this issue on turbo tax. I believe if you search the question in the picture it’ll come up, and you can sign up for updates. Hope this helps 🙂

Re: 1065 K-1 Box 20 AJ Code

mlrolson — Fri, 01 Mar 2024 23:44:12 GMT

On the AJ code with suggestion to enter twice: once for Gross Income and again for Total Deductions.

The AJ option does not distinguish between these two which would seem to be necessary for proper allocation should you meet any criteria for them to take effect.

Is this an open issue that Intuit is aware of or an unimportant detail or ???

Thanks

Re: 1065 K-1 Box 20 AJ Code

DouglasWade — Sun, 03 Mar 2024 02:28:59 GMT

Same issue.

Do we enter AJ twice for each value?

Do we put both numbers as positive? Or one as negative? How does TurboTax know what the difference between these two are?

Re: 1065 K-1 Box 20 AJ Code

PatriciaV — Sun, 03 Mar 2024 18:16:23 GMT

The entry and handling of Schedule K-1 Box 20 Code AJ will be updated as referenced in the TurboTax FAQ Why am I receiving an error in TurboTax for Schedule K-1 Box 20 when code AJ is selected? The estimated release date is March 7, 2024.

Because updates are released after business hours Pacific time, we recommend waiting until the day after, updating TurboTax (if using Desktop), then try entering Schedule K-1 again.

Re: 1065 K-1 Box 20 AJ Code

accountant_mouse — Mon, 04 Mar 2024 19:30:43 GMT

Thanks for the update about the bug fix-- just to clarify, will the new release include guidance on how to denote the different descriptions of values entered under code AJ?

Re: 1065 K-1 Box 20 AJ Code

tbhicks999 — Wed, 06 Mar 2024 06:20:15 GMT

Should we enter the deductions as a negative number?

Re: 1065 K-1 Box 20 AJ Code

AmyC — Wed, 06 Mar 2024 18:08:38 GMT

No. Please see Why am I receiving an error in TurboTax for Schedule K-1 Box 20 when code AJ is selected?

@tbhicks999

Re: 1065 K-1 Box 20 AJ Code

DouglasWade — Wed, 06 Mar 2024 18:25:46 GMT

There are two issues for box AJ. Can I get confirmation which will be fixed in the patch?

1) AJ is not able to determine Gross Income vs Total Deductions. K-1s this year have both as a statement for that box. We need guidance on where to put Gross income and Gross Deductions in the box.
2) Filling out AJ produces a gasification error.

Please advise which is being fixed: Both, or issue 1, or issue 2. I'm pretty close to paying my business accountant to do this, because I'm losing trust in Intuit's ability to handle new tax code.

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Wed, 06 Mar 2024 19:37:24 GMT

I am in the same boat, with both issues. They’ve been working on this for a week. As much as I would like to continue giving Turbo Tax our business, this has me considering paying an accountant, or using another company to do our taxes also if this is not resolved by the end of the week. @TurboTax

Re: 1065 K-1 Box 20 AJ Code

kmadsen12 — Thu, 07 Mar 2024 04:46:06 GMT

It appears as though the original problem was solved (the gasification section no longer is prompted to be completed) but now it's taking me to several sections of form 3468 which do not seem to apply either. It's getting really frustrating.

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Thu, 07 Mar 2024 18:10:12 GMT

Yup, this is what shows up for me now. This is getting ridiculous @TurboTax I would really like to just be done with my taxes.

Re: 1065 K-1 Box 20 AJ Code

kmadsen12 — Fri, 08 Mar 2024 03:36:55 GMT

@Lalo86 have you figured out any workaround for this? The last time the correction updated, it made a significant difference my amounts. I'm hesitant to ignore this afraid it will be wrong in the total calculations. This is so frustrating to have these issues and no support from turbo tax in acknowledging the problem or any resolutions.

Re: 1065 K-1 Box 20 AJ Code

Lalo86 — Fri, 08 Mar 2024 05:00:28 GMT

I’m still waiting. It now allows you to insert your numbers in “other”, and I tried that, distinguishing each amount Income/Deductions. But doing that, as you said, made a big difference in my return which I am about 90% sure is incorrect. Not to mention that took me down a rabbit hole of new questions that also seem not to relate to my tax return. The most sensible advice I’ve received by one of the tax experts is to leave the sum of Income/Deductions in the gasification box. And push it through. I’ve had the most success doing that than anything else I’ve read in here, and my return is closer to what I was expecting as well. I’m going to continue waiting it out but, this has just been unacceptable. @kmadsen12 @Intuit @turbotax