2022 Business - Sched K Line 20c demands entry but won't accept anything

Forum|Forum|3 years ago
February 11, 2023
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I have one error. When I run error check it highlights a "business interest expense" entry in the table of manual entries in line 20c of Sch K. But it won't accept any value I try to enter nor will it let me delete the entry. Below that line it says "** SEC199A INFO: SEE STMT A". How can I get rid of this "error" so I can file my tax return?

TurboTax Business Windows

PatriciaV

Employee

You may be able to track this down using Forms Mode. Click the Forms icon in the TurboTax header, then open Form 1065 p4-5 and scroll down to Line 20c, which is "Other items and amounts (attach statement)."

Business interest expense is entered on Lines B1 and B2, depending on the source. If there is already a number on this line, right click the number and choose "Data Source." This pop-up will list several other forms that may be the source of the number on Line B1/B2. You can click on the form name to open the form for further review of any manual entries you made.

Forms in the left column with red exclamation marks have errors. Click "Errors" at the top of the forms list to display error messages below any open forms.

As long as your manual entries remain in a blue font, TurboTax will accept your entry. If the font is red, your entry is either invalid or considered an override (either will prevent you from e-filing your return).

Note that the directions for Sec 199A Info is standard on Schedule K, even if you have no entries for that section of the form.

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gordon_rAuthor

Thank you for answering, though that was not quite the roadblock I was hitting. I finally found the solution and it was super simple once I realized it. Below the 20c items printed on the form, such as B1 and B2, there are several blank lines that can be filled in by selecting a code from a small box with a drop down arrow. The system had chosen to populate the first such blank line with code N which displays "Business Interest Expense" on the blank line. However, it won't let you enter a value there because you are supposed to enter that on B1 or B2 above! I couldn't get around that until I discovered that if I hit the drop down arrow to display all of the options, and scrolled up to the top of the list, there was an option for an empty line, with no code selected and nothing written on the line. Once I selected that, the error disappeared. I do wish Intuit would give more helpful error information.