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K-1 error, which turbo tax is goofy?

My wife and I own the same percentage of a company.  The K-1's were given to us after being filed with TurboTax business.  There are no instructions for how to enter box 20, Z 199A information.  

Each time I go back to review as I am reading the IRS guidelines, the radio button for whom the K-1 belongs to is unchecked.  Once I select it why won't it stay.

 

Along the same lines, while doing federal review, I enter the statement number from the Statement A worksheet of the K-1 and each federal review it is gone?

 

Anyone else seeing this.

I know an earlier issue was due to the fact that we use QNAP NAS.  That is disconnected now.

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2 Replies
Irene2805
Expert Alumni

K-1 error, which turbo tax is goofy?

The reason you are having difficulty is that forms 8995 and 8995-A, the forms used to to calculate the amount of QBID, are not final yet.  TurboTax will update the program after the IRS finalizes their instructions.  After that update you should see the QBID on your tax return and you will be able to file.

 

For current information on forms availability, please click on this link:  Federal forms availability   [Note:  Forms 8995 and 8995-A might appear at the bottom of the list, not necessarily in numerical order. ]

K-1 error, which turbo tax is goofy?

After nearly an hour online with a tax expert at TurboTax, it was a simple problem of TurboTax not transferring data from one form to another.  After manually entering all of the data it worked fine.

 

The forms don't change that much year to year so there is no reason this should not be working. 

 

Once a radio button is selected, it should remain selected, so each time you "review" there isn't a chance of no selection being made.

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