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TK9
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
tagteam
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
tagteam
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

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