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cannot e-file due to endless-loop error regarding K-1 and QBI deduction

Thank you, literally tried a half hour ago and it didnt work, thank you for the heads up it DID submit now :)!  Finally!

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

@sunsetview45   Yes it is.. thank you for the update.

 

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

Yes just worked for me as well after a software update installed.

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

Thanks. I was able to e-file this evening. 

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

my favorite is the tag on every page that says livw help when therew us bib m

 

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

**** The latest update fixed my problem****

 

Had to delete the "massaged" K-1 & the manual override in the QBI Deduction Summary, then re-entered the K-1 Data & everything worked as expected.

 

E-filed both Federal & State, received acceptance notices a few hours later.

 

Disappointed I never received my email notification I was assured would arrive after TT fixed the problem.

Ronnie77
New Member

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

"Sch K-1 Wks-Partnerships (BUSINESS NAME, LLC):  Activity name has entries for deductions such as section 179, depletion, section 59(e)(2) and other expenses that may be individually limited.  For purposes of the qualified business income deduction those expenses are not yet supported.  This will be enabled in a subsequent release."

 

It was said that this was going to be resolved on 2/28/20. I am still getting this, is there a reason why? 

DavidS127
Expert Alumni

cannot e-file due to endless-loop error regarding K-1 and QBI deduction

If you are using TurboTax Download/CD version, check for updates using the menu at the top (Online>>Check for Updates).

 

Some customers report that after the update it was necessary to delete and then re-enter the K-1.

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