Solved: Schedule K Worksheet Error - Turbo Tax Business
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Schedule K Worksheet Error - Turbo Tax Business

I am trying to file electronically, and the system is preventing me from doing so because of an error.  I worked with a licensed CPA for over an hour, and we believe this is a technical bug.  

 

The error code reads that Sch K Reconciliation Report, K-1 K3 does not equal the amount shown on Schedule K.  

 

Tracing back the issue, each of the Schedule K1 should include an allocation of non-recourse debt.  The non-recourse debt has been entered in total, but the program will not allocate it to each partner. The percentages equal 100% and there are no special allocation codes.  

 

Help!

1 Best answer

Accepted Solutions
Level 15

Schedule K Worksheet Error - Turbo Tax Business

You should contact Support (link below) during regular business hours for this issue.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

View solution in original post

1 Reply
Level 15

Schedule K Worksheet Error - Turbo Tax Business

You should contact Support (link below) during regular business hours for this issue.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

View solution in original post

Dynamic Ads
v
Privacy Settings