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Level 2

Question

K-1 Schedule 1065

Forum|Forum|2 years ago
March 20, 2024
1 reply
16 views

It now March 20, 2024 and there still appears to be a continuing glitch in TT. Our K-1 (Schedule 1065) is NOT in the oil and gas sector and I keep getting directed to the “gasification” and “coal” aspects of the worksheets. Have spent over 4 hours with two experts who cannot help. One suggested I file an extension. I have been using TT for about ten years. When can we expect a resolution?

Forms

Level 15

Does your Form 1065 Schedule K-1 report Box 20 Code AJ? There have been recent TurboTax updates that addressed the issue you mention. But they may not resolve issues with K-1s that were entered before the updates were released.

Please follow these steps:

Go to the Schedule K-1 Summary page (search on k-1 and click the "jump-to" link).
Delete the K-1 with Box 20 Code AJ.
Delete Form 3468 (see links below for instructions).
Run Review/SmartCheck to confirm the error has been resolved.
Re-enter the K-1.

Additional Information:

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PKT1Author

Level 2

Thank you for your rapid reply. No, the code AJ is not in Box 20. There are other codes.

Level 15

Please clarify which other codes appear in Box 20.

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