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Level 1
posted Feb 25, 2025 8:33:26 AM

Form 1065 p5-6 -- 199A Summary (Page 1): UBIA - the total amount is larger than the amount allocated

I have had this issue for the last 3 years and have had to work with a specialist for a work around plan.  I need the next "work around plan."  Form 1065 p5-6 -- 199A Summary (Page 1): UBIA - the total amount is larger than the amount allocated to all Schedule K-1s.

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1 Replies
Expert Alumni
Feb 25, 2025 11:45:09 AM

Is the difference significant or due to rounding? If the difference is minor, you can adjust the allocation to each partner on Statement A so the totals match. (Statement A appears under each Schedule K-1 in Forms Mode.)

 

However, you must identify the source of any significant difference (greater than $5). If you right-click on the amount for UBIA on the 199A Summary worksheet and choose "Data Source," you'll see a list of all schedules and forms in the return that contributed to the total UBIA. These items are hyperlinks that will open the related form for your review.

 

Should you be unable to resolve this, consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.