K1 Part III Box 2

[jeffep]

I have 2 investments that issued a K1 to me.  I downloaded them both from taxpackagesupport.com.  One passes the test.  The second one bombs out and won't let me file.  In the K1 Part III Box 2 it has the number: -63.  Turbotax won't pass it and says: Box 2 has an amount but does not agree with type of activity indicated.  What do I need to do to fix it?  The information came from the company not anything I entered.

[Mike9241]

is there an amount in box 1 or 3 in the same part? Turbotax does not allow that. you have to use a separate k-1 to report not only box 2 but also any other box that relates to it. none of check boxes material, active, recharacterization, trade or business should be checked.

[jeffep]

Yes, there is -247 in Box 1, and then -63 in Box 2.  I will attempt to create another K1 and delete the -63 from the first one.  Thanks.  I'll let you know.

[jeffep]

I tried to import the txf file again, hoping it would create an additional K1.  It didn't, it

just added another -63 amount to the K1 Box 2 worksheet.  So I just changed the amount to 0 and submitted the return.  It did not change my refund amount and I am very low on the audit danger.  So I'm just letting it go.  I did not see any button to create a new K1.