Constant error message when doing final review saying info entered on Sch K1 box 13 is incorrect. Is this a problem with the Premier program? No help from 2 TT chats.

Forum|Forum|1 year ago
April 3, 2025
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Error message says amount entered is greater than allowable,

TurboTax Online

PatriciaV

Employee

Please provide the code included for Schedule K-1 Box 13. Also, what is the exact text of the Smart Check message you received?

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samjowers6Author

The imfo in Box 13 received from my investment fund has 2 entries, one for code H and one for code AE for 6284. The TT prompt asks for an entry for codes W-ZZ, so AE for 6284 was entered. The error message reads "other entries in this section total 18211, which exceeds this entry of 6284. Please correct your entries." There are no other entries in this section.

PatriciaV

Employee

To resolve this, enter the amount from Box 13 Code AE in the K-1 step-by-step interview; don't leave this blank. Only the amount for Code H should be entered if you're prompted to enter additional information.

When you enter a value for Box 13 Code AE, the amount should appear on the Miscellaneous Itemized Deductions Worksheet Line 16 (a TurboTax form). Although the deduction is not allowed for federal tax purposes, it may be transferred to your state income tax return.

For more info, see the IRS Instructions for Form 1065 Deductions—portfolio income (code AE).

@samjowers6

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