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
- SelectTax Forms,States, thenAlabama.
- SelectSch K1thenPartner name.
- Go toPart IIand locateLine 8 Ending Capital Account.
- Clear anyOverridesfor this line for allK-1 Partners.
- Make sure theEnding Capital Accountequals the formula[Beginning Capital Account + Capital Contributed during the year] + [Current-year increase or decrease - Withdrawals and Distributions].
- Do a full recompute and recreate the e-file.
