In TurboTax Business Desktop, I am getting an error message, "Form 1065 p5-6, Sch K, Line 13d Code must be entered", but none of us partners have a Sec. 59(e) deduction and both the oil and gas income and deductions are already entered in the Alternative Minimum Tax Items section on Lines 17 d and e. Why is TurboTax giving me this error message?
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That entry comes from a box 13 entry on a K-1 form. It references other deductions associated with the partnership. I suggest you look at your K-1 entries in box 13, see if there is an entry there.
A zero was entered in line 13d and the software printed "See statement" in the 1 box. A zero was also entered in line 13e and the software printed "see statement" in the "type" box. The statement for Sch K, Line 13e, Other deductions said "Deductions-royalty income" = 0 and "Medical insurance payments for partners" = 0. I don't understand why the software required me to enter zeroes on lines 13d and 13e.
It would be helpful to have a TurboTax ".tax2023" file to test further.
If you would be willing to send us a “diagnostic” file that has your “numbers” but not your personal information, please follow these instructions:
In TurboTax Desktop, open your return and go to Online in the TurboTax header. (On a Mac computer, choose File >> Share.)
We will then be able to see the same experience you are having. If we are able to determine the cause, we'll reply here and provide you with a resolution.
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