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tlgrevelis
Level 2

2020 1065 K1 availability

I am trying to finish my business taxes for our partnership and get my partners their K1s from 2020, TT for Business keeps showing me that the Form is "available soon".  According to the chart, I should have been able to utilize the 1065 K-1 form on 2/4.  Turbo Tax Business is still showing me "Ready Soon".  Meanwhile we are receiving K1s from other partnerships but I can't get our group's out to people.  It's embarrassing, frustrating and bad for business.  I thought when I updated this morning that the update was the K1s, but it was not.  When will the forms ACTUALLY be available?

11 Replies
tagteam
Level 15

2020 1065 K1 availability


@tlgrevelis wrote:

When will the forms ACTUALLY be available?


Hopefully, 2/11/2021.

 

See https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_fed_windows_partne...

tlgrevelis
Level 2

2020 1065 K1 availability

Thanks, but here is a copy from what that chart says directly from the link you posted:

 

"Form 1065 Schedule K-1, Partner's Share of Income, Deductions, Credits, etc.
02/04/2021
02/04/2021"
 
Your answer says "hopefully 2/11". I'm receiving K1s from other sources.
tagteam
Level 15

2020 1065 K1 availability

I was under the impression you meant all of the forms that are required to be filed for a partnership return.

 

It is probably best to wait until Form 1065 is officially released in a TurboTax update before issuing K-1s.

Mike9241
Level 15

2020 1065 K1 availability

per link

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_fed_windows_partne... 

Form 1065, U.S. Return of Partnership Income (p4-5)
02/11/2021

 

DWe
Level 1

2020 1065 K1 availability

The IRS has 1065 forms available for 2020 so it doesn't make sense that they are not yet available in TurboTax.  

https://www.irs.gov/pub/irs-pdf/f1065.pdf

Please let me know when they are available so I can finish and file.

Thank you.

tlgrevelis
Level 2

2020 1065 K1 availability

Exactly! Other sources that I receive K1s from got them out earlier this week and IRS site has shown them available for days.  I understand a little delay, but this is unacceptable.  I have partners waiting on me, they see that other places are getting their tax documents done and they are waiting on me to finish these up.  It's bad business that I have no control over...this year.  There are other options, however, for next year.

dablakley88
Level 2

2020 1065 K1 availability

Today is 2/11/2021, and it still says "will be ready soon". Are there any updates?

tagteam
Level 15

2020 1065 K1 availability

There was an update released today for the personal, desktop products, so the update for the business product might be released sometime later today.

dablakley88
Level 2

2020 1065 K1 availability

I will keep checking, thanks!

ryanmcdonaldcrna
Level 2

2020 1065 K1 availability

Identical situation for our partnership.

NO UPDATE AVAILABLE as of 12:00 PST 02/11/2020

 

How does one obtain a refund for lackluster program which FAILED to disclose this deficiency prior to purchase/download?

 

Embarassing.

 

-rm

ChondelLO
Intuit Alumni

2020 1065 K1 availability

For steps on how to request a refund for your TurboTax product please click the link below.

 

How do I request a refund for my TurboTax product?

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