SK1-AL65-008 e-file error

SK1-AL65-008: End Capital Account (EndCapitalAccount) should equal Beginning Capital Account (BegCapitalAccount) + Capital Contributed during the year (CapitalContributed) + Current year increase or decrease (CurrentYrIncrease) - Withdrawals and Distributions (WithdrawalsDistributions). (Automatic GOTO is not available). Please review your input Navigation: Tax Forms \ States \ Alabama \ Sch K1
This happens if the total input for Alabama is not equal to the formula mentioned in the error.

Solution

  1. Select
    Tax Forms
    ,
    States
    , then
    Alabama
    .
  2. Select
    Sch K1
    then
    Partner name
    .
  3. Go to
    Part II
    and locate
    Line 8 Ending Capital Account
    .
  4. Clear any
    Overrides
    for this line for all
    K-1 Partners
    .
  5. Make sure the
    Ending Capital Account
    equals the formula
    [Beginning Capital Account + Capital Contributed during the year] + [Current-year increase or decrease - Withdrawals and Distributions]
    .
  6. Do a full recompute and recreate the e-file.
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