Partnership percentages

Forum|Forum|3 years ago
March 9, 2023
6 replies
56 views

I am using Turbotax business on my desktop. My partnership has three partners. I enter that data for each and it says total doesn't equal 100% but it does. I have deleted the members and re-entered but continue to get the same notice. I see that the program is only listing the data for one of the partners and the others have blank sheets after name and address. The program said I could fix it later but when I got to check for errors it again tells me the same thing and to go back to the K1 forms to set it up correctly. The percentages definitely add up to 100 and it is showing profit/loss only for one partner. How do I fix this?

TurboTax Business Windows

Warrior444

Level 2

I would suggest going into the actual forms section to see if the program has actually completed forms (or provided erroneous data on the form) for the partners. Today, I was finishing my business return and kept getting error checks on forms which the program generated, and I didn't. I had to review and then delete these forms, in order to complete my return.

jkornblum1442Author

Level 2

Thank you for the suggestion. I have been to the forms and two of the partner sheets are blank. It doesn't let me fill in the percentage data on those. When I go back to the beginning of the program the information I had put in is still there and correct. It still says not 100% If there is a way to activate using a page from "forms" , I need to know that if you could help.

Warrior444

Level 2

Have you tried deleting the forms with no data in the forms section and reentering the data on your return? I have had to do this in the past. Also, if you run an error check and these forms come up with no data entered, you should be able to enter the correct data on the forms in the error check.