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.
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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
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
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