You'll need to sign in or create an account to connect with an expert.
The total wages that you entered as paid by the business can't be less than the co-op wages. They can be equal, but not less.
Maybe you are entering numbers into incorrect boxes? Does the business issuing you a K1 pay co-op wages?
I think maybe the issue is that for box 20, code z, my K1 has W2 wages that are negative! I don't know what that means as I am a passive investor in this business. So technically the coop payments of "0" (which automatically appeared - I did not manually enter the "0") are greater than the W2 wages of "-976". But if there aren't any coop payments from this business that I can see, I am not sure what other number I can put there as it is asking me to correct the "0."
If this form error relates to Section 199A information provided with Schedule K-1, do not enter any negative numbers. That should resolve the form error.
Your other option is to delete the problematic Schedule K-1 from your K-1 Summary list and re-enter the information.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
JWOre
New Member
classic2186
New Member
Revett
New Member
dtsmoney
New Member
rrneyrey
New Member