FPTE-0040 e-file error

* FPTE-0040: If Form PTE, Schedule K, Section A, line 1 has an amount reported, then it should agree with the sum of Kentucky ordinary income loss from trade or business activities from all PTE Schedules K-1 submitted with this return.
This happens when Form PTE, Schedule K, Section A, line 1 doesn't match the sum of all PTE Schedules K-1, line 1.

Solution

  1. Go to
    Tax Forms
    ,
    States
    ,
    Kentucky
    ,
    PTE
    , and then
    PTE Page 7
    .
  2. Make a note of the amount on Schedule K, Section A, line 1.
  3. Go to
    Sch K-1
    and add up each partner's Page 1, Section A, line 1 amount (Kentucky ordinary income (loss) from trade or business activities). You can use your right-click menu to clear any possible overrides that may be causing the amounts to not tie out.
  4. Once in balance, perform a full re-compute, and then re-create the e-file.
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