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Level 2
March 15, 2020
Question

K-1 error help

  • March 15, 2020
  • 1 reply
  • 5 views

I am copying the 2019 K1 from Buckeye Partners LP. I keep getting error message that Box 16 Description has been entered for code N and code M. Use separate K-1 worksheets to report more than one type of foreign deductions sourced at the entity level. How do I get an additional worksheet to clear this type of error?

    1 reply

    Level 12
    March 16, 2020

    To clear the error you remove one of the entries from the K-1 you have put into TurboTax.  You then enter a second K-1 for the same partnership with the partnership information and your information.  Then enter just the information for  Box 16 for the other code.  Leave all other numbered boxes blank.

     

    This will clear the error.

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    Level 2
    March 20, 2020

    It's inconvenient, and kludgey, but it sounds promising.  Thanks!