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Level 1
September 9, 2023
Question

Question re K-1 form Line 13 - (Form 1120S

  • September 9, 2023
  • 2 replies
  • 0 views

Line 13 info from K-1 entered into (1120S) Form indicates an entry of "A" ... which Turbo Tax shows as "Reserved"...

However, the letter "A" turns red on a yellow highlighted background when entered into TurboTax.

 

Any suggestions or solutions, please?

 

Thanks!

    2 replies

    Level 15
    September 9, 2023

    See https://www.irs.gov/instructions/i1120s#en_US_2021_publink100079446

     

    You might want to contact the issue of your K-1.

    Level 15
    September 9, 2023

    if there is no amount on 13A it just may be that this is zero in which case just delete the A.  there shouldn't be an amount.  If there is the K-1 is faulty and the preparer needs to prepare and submit amended k-1's to the amount appears on a valid line.