JohnDWaterman
Level 2
03-28-2024
05:59 PM
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Enter 1120S K-1 on Form 1040
Box 12A entry - cash contribution.
Converted to Code C In-kind Donation on the Schedule C, triggering errors.
Is anyone else having this issue?
Best Answer Click here
qbteachmt
Level 15
03-28-2024
06:21 PM
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IRonMaN
Level 15
03-28-2024
07:05 PM
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Everybody that enters that info into the K-1 worksheet is seeing that. Just skip the entry on the K-1 worksheet and enter the amount directly on schedule A. Problem solved.
Slava Ukraini!
JohnDWaterman
Level 2
03-28-2024
07:09 PM
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Thank you, clearly a good work around, I just get a little stubborn sometimes for the perfect fix.
Slava Ukraini!
Broeck06
Level 1
03-29-2024
07:48 AM
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we are having the same issue. our clients are getting very restless because they think this is a preparer issue when it appears to be a programming issue.
