Error Check Message Section 199A Inputs

[mattoxpools]

I am using TurboTax Premier for my personal taxes.  I have finished all the entries and am getting an Error Check message that states the following:

 I have entered all the K-1 Line 17 code V items on the table for Section 199A QBI.  I had no issues last year.  This year I have a Section 179 depreciation item that makes the overall income a net loss.  Does this message mean that an upcoming TurboTax update will complete this item or is this something different?

[BarbaraW22]

Yes, TurboTax anticipates that an update will be available on 2/20/2020. 

[taxgumby]

I'm not sure if this is the right spot to ask but I also received the 179 message.  

But before I even get there I get stopped with a screen stating "Let's check for some uncommon adjustments"

I am very new at this but here is my best guess on info that could help solve this:

• I don't know how to calculate self employment earnings to verify the number being correct?
• Next to Box 20 on k-1 it was marked STMT.  It lead to me adding $2632 in deductions that I got from a supporting document to my 1065.  I am wondering if I need to add this amount again to the line on this screen "other qualified business expenses not on 199a?"
• And last, since I took mileage and some office supply deductions, would I need to put that number on the last statement "this business has deductions not included in this activity but not deducted somewhere else?

I hope this leads to an answer cause I'm about to torch this laptop lol!!!

[jfarmistead]

I have the same issue and I too am ready to throw my computer through the window. 

What's up with this?  Can't click on "None of these apply"

Is this also being corrected?

[Anonymous]

Is this update still supposed to be coming today?

[mattoxpools]

I got an update earlier today but it didn't resolve my problem.  Same Error Message on Error Check.

[jfarmistead]

Yes - Received an update today.  Thought I would wait until tomorrow to see if it updates again.  Hope that resolves it.

[mattoxpools]

I got an update yesterday (2/20/20) but it did not correct my problem.  No update yet today.  Any news on when this will be resolved?  If it can't, can I still e-file my return?  After reviewing IRS publications and IRS FAQs on this subject, all my entries concerning this issue are accurate as best as I can determine.

[jfarmistead]

As of this morning, this error is still occurring.  There are no new updates to resolve this.

Can I ignore this error and still accurately and confidently e-file my taxes?  This issue is the only thing holding me up.

Help!

[mattoxpools]

I discovered this morning that IRS Publication 535 is still being revised for TY2019.  This is what directs the Section 199A application.  I am waiting for response from a TurboTax employee expert to answer your exact question.  I also am waiting on this one issue before I can file.  Hopefully I will get an answer today.

[Anonymous]

Thanks Mattox, that is good to know.  Though the IRS needs to get it's **bleep** together and publish this thing, it's almost March.

[mattoxpools]

Congress changed the law on December 20, 2019 so it put all the IRS people who have to update Publication 535 in a bind and of course TurboTax folks have to wait on that before they can change their code.  I agree that they need to get on with the show.

[taxgumby]

Appreciate the feedback. It wasn’t fixed earlier so I’ll check again Monday or so. Gonna take the weekend off to enjoy not doing my taxes. 

[taxgumby]

The only thing stopping me from filing my taxes is this error message.  

As my name suggests, taxes aren't my wheel house but....

If it is just a Turbo Tax thing, can't the taxes be filed with this error message?  Or, does the error in their code screw everything up?

[mattoxpools]

You can file your taxes but if the change TurboTax is waiting for from the IRS affects your return, you'll have to file an amended return later to correct it.