mikel 98376 - Monday, March 5, 2018 6:55 AM

I have just set up a brand new replication.  
Both servers are:
Microsoft SQL Server 2012 (SP3) (KB3072779) - 11.0.6020.0 (X64)

Both publisher and subscriber databases are set to: 
Recovery Model: Full  
Compatibility Level: SQL Server 2012

In the "Distributor to Subscriber History" tab of the Monitor,  it shows up with this error.

'TRUNCATE_ONLY' is not a recognized BACKUP option.

The full error is:
Command attempted:
declare @event_type SMALLINT = 1, @distributor_major_version SMALLINT = 11, @distributor_minor_version SMALLINT = 0, @distributor_build_number SMALLINT = 6607, @totalruntime INT = 7891, @totalworktime INT = 4375, @totalnumtrans INT = 0, @numtranspersec REAL = 0.00, @totalnumcmds INT = 0, @numcmdspersec REAL = 0.00, @totalskippedcmds INT = 0, @totalidletime INT = 0 if object_id(N'sys.sp_repl_generate_subscriber_event') is not null exec sys.sp_repl_generate_subscriber_event @event_state = @event_type,@distrib
(Transaction sequence number: 0x0000A76100001B6F003D00000000, Command ID: 731)

Error messages:
'TRUNCATE_ONLY' is not a recognized BACKUP option. (Source: MSSQLServer, Error number: 155)
Get help: http://help/155