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how to fix error "wages from coop payments should not be more than the wages from this business"?

I am filling out my K1 and I keep getting this message that I need to fix this issue
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3 Replies
RobertB4444
Expert Alumni

how to fix error "wages from coop payments should not be more than the wages from this business"?

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?

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how to fix error "wages from coop payments should not be more than the wages from this business"?

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."

PatriciaV
Employee Tax Expert

how to fix error "wages from coop payments should not be more than the wages from this business"?

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.

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