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Schedule K-1 Data Error

Line 9 of my QBI Deduction Summary showed $281 (the correct REIT Div amount for the one K-1 Schedule I had entered into TT)--until I did a TT update last week.   After the update, that line is now showing as $533.    I checked to see the source of that $533 entry and it popped up a box that listed 3 K-1's, but showed $281 as the amount on the right had side of that box.    

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1 Reply
DavidS127
Expert Alumni

Schedule K-1 Data Error

If you only have one K-1, go to Forms mode and delete the additional K-1s you don't need, keeping only the one that is correctly entered.

 

Also, check to see if you have $252 of REIT/Section 199A dividends reported on a Form 1099-DIV box 5.

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