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VLAllen
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Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?

 
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Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?

where do you see this

from partnership instructions

GENERAL INFORMATION
Title 68 Oklahoma Statutes (OS)
Returns by Partnerships
Returns by LLCs and Limited Liability Partnerships (LLPs)
Any reference to partnership partners in the instructions and on Form 514 also relate to LLC and LLP members.
Notice: If this is a fiscal year or short period return, please enter both the beginning and ending dates.
Every partnership, including syndicates, groups, pools, joint ventures or other unincorporated organizations (exclusive
of trusts, estates or corporations defined by the Act), having Oklahoma source income, shall make a return of income on
Form 514, for the calendar year or fiscal year ended on the last day of any month other than December.
Each partner having Oklahoma source income sufficient to make a return, shall make such return as required by law.
Partnerships filing Federal Form 1065-B will file Form 514.
ACCOUNTING METHODS AND PERIODS
The taxable year and method of accounting shall be the same as the taxable year and method of accounting used for
federal income tax purposes.
WHEN AND WHERE THE RETURN MUST BE FILED
Partnership returns shall be due no later than 30 days after the due date established under the IRC.
Electronic filing is required pursuant to OAC 710:50-19-1.

Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?

The TT program complies with all fed/state efile requirements.  Check estimated dates here :  https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_states.html

 

 

Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?

Errh, I have a similar issue. The link provided seems to show

      Oklahoma Partnerships Form Availability                            Print              E-file
   Form 514, Oklahoma Partnership Income Tax Return          available      unsupported
 
So, I take this to mean that Form 514 is available in TT for PRINTING, but unsupported as far as EFILE goes. However, Form 514 (according to Oklahoma Tax Commission and downloaded 514-Pkt.pdf) MUST be efiled. Which leaves me stuck.

Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?


@lzedatTT wrote:

Errh, I have a similar issue. The link provided seems to show

      Oklahoma Partnerships Form Availability                            Print              E-file
   Form 514, Oklahoma Partnership Income Tax Return          available      unsupported
 
So, I take this to mean that Form 514 is available in TT for PRINTING, but unsupported as far as EFILE goes. However, Form 514 (according to Oklahoma Tax Commission and downloaded 514-Pkt.pdf) MUST be efiled. Which leaves me stuck.

 

 

If that is the case, you can't use TurboTax.  You would need to use other software or go to a tax professional.

Does anyone know how TurboTax is going to handle the new state requirement to file the 2021 Oklahoma corporation and partnership income tax return in an Excel format?

Yeah. But if I can't use TT Business because of this OK Form 514 (and I've tried H&R Block which this year has NO support for OK Form 514) - that leaves out the main Business tax software programs. I suppose that a tax professional MIGHT be more knowledgable/up-to-date than either TT Business or H&R Block (as far as efile capability goes), but it doesn't bode well  😉

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