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?
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.
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Thank you for your rapid reply. No, the code AJ is not in Box 20. There are other codes.
The codes in Box 20 are A, B, ZZ.
thank you for your help!
The codes in box 20 are: A, B, and ZZ
Grateful for any help getting this resolved!
The gasification error message is generally related to entries from Schedule K-1 Box 20 Code AJ. However, other boxes and codes could be causing this message. A recent update should have resolved this issue, but it may not apply to an existing K-1.
Have you tried deleting the K-1 and Form 3468? Run SmartCheck again after you do to be sure the error message has been resolved. Then re-enter the K-1.