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Sch k-1 Box 20 error

I mistakenly checked Box 20 on Schedule K-1 and now it is asking me for information that i don't have. Is there a way to un-check that box?

 

 

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9 Replies
JulieS
Expert Alumni

Sch k-1 Box 20 error

As long as you didn't enter any information for box 20 details, including zeros, in the follow up questions, this won't cause any problems and should not change your return in any way. 

 

If you did enter some information and you need to get rid of it, here is how:

  1. Login and continue your return.
  2. Select Federal from the left side menu.
  3. Find Schedule K-1 on the list and click Edit, or Revisit to the right.
  4. Answer the first question Yes.
  5. Click Update to the right of the K-1 you need to correct. 
  6. Click through the return until you get to the Box 20 entries.
  7. Clear every entry and leave it blank.
  8. When you are returned to your K-1 Summary, click Edit to the right of the partnership name. 
  9. Click through until you reach the screen that says Check Boxes That Have an Amount.
  10. Uncheck the box next to Box 20.
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rdwymore
New Member

Sch k-1 Box 20 error

I tried to delete box 20 info per your instructions above but it won't allow me to delete

rdwymore
New Member

Sch k-1 Box 20 error

I did input info that I need to delete in box 20 but it won't let me delete

MaryK4
Expert Alumni

Sch k-1 Box 20 error

Did you uncheck the Box, then continue and <blank> the entry from the Box 20 drop-down box?

@rdwymore

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kgreg99
New Member

Sch k-1 Box 20 error

I'm having the exact same problem. I've tried all above to get rid of or adjust box 20 info and all related boxes thereafter.

Hoping for further follow up

kgreg99
New Member

Sch k-1 Box 20 error

Actually, I just got it to work so your solution was helpful. Thank you

rdwymore
New Member

Sch k-1 Box 20 error

I am not able to uncheck box 20, that's my problem.

rdwymore
New Member

Sch k-1 Box 20 error

How did you get it to work?  I still can delete info.

DaveF1006
Expert Alumni

Sch k-1 Box 20 error

Try selecting the drop down box in box 20 and select the open white space at the top of that menu. 

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