Tried changing the fluid in my TH350 to see if perhaps the filter was clogged,or if I could see anything wrong with the pan off--nothing wrong as far as I could see--valve body bolts werent loose,filter had ripped the brass screen out of its holder in 2 spots,but I see that quite often,not all clogged either--not much clutch material in the pan either,considering this tranny was used for plowing and has had some abuse...but after changing the filter and fluid,nothing improved--still no sign of reverse--
--I would have taken the valve body off,but decided against it--its bad enough trying to just change the filter lying on your back--you really need it up on a lift to do that kind of work,and I have never disected a tranny before--and after looking at the manuals,I dont think I would have much luck fixing it anyway--and it was a 40 degree drizzly day,so I wanted to get it back together before dark---guess the tranny must have a blown seal on the direct clutch--I think the clutch discs are ok,but there just isnt any hydraulic pressure to apply the clutch pistons and make reverse work....I've talked with a few local tranny guys here--they all say its the seals on the clutch pistons most likely--the weird thing is they say it should make a "whistling" noise while in reverse if fluid is leaking by the seals--mine is silent--I ran it for 15 minites in reverse with no noise,or any sign of reverse--its another "neutral"!!-The foreward gears still work(havent tried to see if third gear works,they also said if reverse doesnt work,usually third gear goes away too-)-after it ran out of gas,I was out of cash--so I guess the next thing to do is get my rolling "A" frame hoist erected again,and start cutting the truck up for scrap--I shouldnt have wasted my money and time on it--but I was hoping to get lucky--I still hate to cut up what was once my favorite"beater" truck for the past 15 years,but its really beyond ever being a good rig again,I might advertise it for parts first--its only going to be 20 degrees here the next few days,not exactly fine weather for cutting up a vehicle--I have another truck I'd like to buy,and cash is of the essence--the 80 dollar a ton scrap price means I could get about 300 bucks for whats left of it,after I save the bed,motor and transfer case--I'd save the 14 bolt SF 4.10 axle and front D44 8 lug,but the rear diff cover is rotted and leaky,and the housing is rusted pretty bad-not really worth keeping to me......And I need money for christmas and to maybe buy another truck I have my eye on--so I guess its RIP 74 K20 
--I would have taken the valve body off,but decided against it--its bad enough trying to just change the filter lying on your back--you really need it up on a lift to do that kind of work,and I have never disected a tranny before--and after looking at the manuals,I dont think I would have much luck fixing it anyway--and it was a 40 degree drizzly day,so I wanted to get it back together before dark---guess the tranny must have a blown seal on the direct clutch--I think the clutch discs are ok,but there just isnt any hydraulic pressure to apply the clutch pistons and make reverse work....I've talked with a few local tranny guys here--they all say its the seals on the clutch pistons most likely--the weird thing is they say it should make a "whistling" noise while in reverse if fluid is leaking by the seals--mine is silent--I ran it for 15 minites in reverse with no noise,or any sign of reverse--its another "neutral"!!-The foreward gears still work(havent tried to see if third gear works,they also said if reverse doesnt work,usually third gear goes away too-)-after it ran out of gas,I was out of cash--so I guess the next thing to do is get my rolling "A" frame hoist erected again,and start cutting the truck up for scrap--I shouldnt have wasted my money and time on it--but I was hoping to get lucky--I still hate to cut up what was once my favorite"beater" truck for the past 15 years,but its really beyond ever being a good rig again,I might advertise it for parts first--its only going to be 20 degrees here the next few days,not exactly fine weather for cutting up a vehicle--I have another truck I'd like to buy,and cash is of the essence--the 80 dollar a ton scrap price means I could get about 300 bucks for whats left of it,after I save the bed,motor and transfer case--I'd save the 14 bolt SF 4.10 axle and front D44 8 lug,but the rear diff cover is rotted and leaky,and the housing is rusted pretty bad-not really worth keeping to me......And I need money for christmas and to maybe buy another truck I have my eye on--so I guess its RIP 74 K20 

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--I took that as a "no"!---he suggested brake fluid might swell and soften a hardened seal enough to make it work temporarily--but usually the seals crack,and fall into the case--then its hopeless,as is a cracked clutch piston,another common failure on TH350's he says...