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Level 2

Question

Federal return rejected: FED_NeedK-1_with8283_TTO_Only

Forum|Forum|2 years ago
March 31, 2024
6 replies
0 views

Hi Tax Experts,

My Federal and NY state returns were rejected after passing all turbotax checks. The error code is: FED_NeedK-1_with8283_TTO_Only.

Turbotax states the following explanation:

Description of error:

There is a potential issue with the calculation regarding donations reflected on a K-1 (S Corporation of Partnership/LLC).

What needs to be done:

We've identified an issue in your federal tax return. This issue is being resolved in a product release scheduled for April 5th, 2024. On or after that date, you'll need to sign into TurboTax, complete a quick review (steps below), and resubmit your return.

Has anyone had experience with this type of issue? Do I just wait until April 5 and try again or anything else I can try to fix?

Thanks!

TurboTax Premier Online

Mike9241

Level 15

others have reported the issue with that and other k-1 items. you can override but then you have to file by mail and the accuracy guarantee is void.

larslanian

Level 3

How do you override?

AmyC

Level 15

You can only do an override on the desktop program. There is a Forms mode which allows you to manipulate data. For both the online and desktop versions, once the release comes out, you can just open your return and step through federal and state to pull it all together and file.

@larslanian

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czarofthefrozentundra

Level 2

I just got the same error, after submitting and having my return rejected. I've had so many problems with Turbo Tax's K-1s this year. Before that, it was the Box 20 Z issue. I got the same error message that the fix wouldn't be until 4/5.

Jijoeo

Level 2

I got the same message today and looks like this is a bug on the software and have to wait until April 5 th to fix the issue.

xyz10101010

Level 2

I received a similar error message

Federal return rejectionThere is a potential issue with the calculation regarding donations reflected on a K-1 (S Corporation of Partnership/LLC).

Reject Code FED_NeedK-1_with8283_TTO_Only

The input code H on line 13 "Other deductions" has nothing to do with donations. It is for interest expense.

Have very little confidence that TurboTax will fix this programming error in time for filing. Very disappointed. Will probably mail my return and never use TurboTax again (after using it for 25+ years)

larslanian

Level 3

I will be not using Turbo Tax after this fiasco. Total disappointment.

DRKHLMT

Level 2

It’s April 6th and software fix still not released, how does this even pass the first review and deemed 100% accurate? Complete BS

farroutincolorado

Level 2

Hi friends. I ran into the same issue, despite TT permitting me to file. After the federal and state were rejected, I read your advice and parted with Line 13. The returns were rejected again.

larslanian

Level 3

There has to be something else

DRKHLMT

Level 2

Problem is even deeper my error issue arises because box 12A on my K1, which is a cash charitable donation but states and error and need for Form 8283 which is for non cash charitable donations

tired_of_taxesAuthor

Level 2

I changed the value in Box 13 to 0, clicked forward, and then came back to Box 13 and changed it back to the original value.

Then I just refiled and my Federal return was accepted this time in about 20 minutes. I didn't change any values from my original submission and my owe/refund amount didn't change. Still waiting on the state to be accepted.

tired_of_taxesAuthor

Level 2

My state return was also accepted today.

But I have a new problem. I owed money on the Federal taxes (which were accepted), but the payment amount was not deducted from my bank account on the payment date (yesterday). Anyone else have a similar issue?

EDIT: payment was deducted this morning so all good now.