Why does the date for this form keep getting pushed back? i just want to get my personal taxes done already. The IRS has the form available why is it taking so long for it to be integrated with Turbotax online. It seems ridiculous its taking weeks for us small business owners to be able to file taxes.
The Schedule K-1 (Form 1120S) for tax year 2023 will be available on 02/22/2024
Not everything is within the control of TT.
All software forms must be approved by the IRS, so unfortunately, things take time.
I am aware... it has changed dates several times It was supposed to be ready the 14th. That is my point.
The IRS already has everything available on their end... So why is TT behind? It went from 10th to 14th now 21st? It has never been like this in previous years.
Hey TT, why not put your best team on preparing Form 1040 Schedule K1? The H&R block website indicates that they have the form ready for filing. Legislation aside, if other software can provide the form, why cant TT?
Kinda weird that other online services like TaxSlayer have their K-1 forms available. Just so everyone here is aware. You can file your return with them now.
Not that easy. Just tried TaxSlayer and they only had half the options I needed for the K-1. Some advertise you can do an 1120 but they only have one blank under item 17.
The integration of this form seems to be a fleeting one for TurboTax. Just as soon as the previously released date is reached, a new one is published. Does Intuit care to disclose the reason for this? Other tax software seem to already have their forms integrated.
To insult us more, TT marketing team for the online tax preparation process sent out an email today that emphatically states "Everything you need is ready". Does the right hand know what the left hand is doing at TT? I've used TT for over 10 years and the inability to have their desk-top software ready in a timely manner, has sent me to their competitors for next year and beyond!!
I am still seeing today - but as of 12:02 am it is not updated so we will see when "today" it happens.
If not ready by today I want to get a full refund and do my taxes elsewhere!
I have to agree. H&R Block, Taxslayer all have had this form available for weeks. Very disappointed. As a long time TT user I will consider other platforms for next years' taxes as a result.
It is just annoying as this has never happened for the 5 years I have been doing taxes. And of course there ie no one to talk to. We should get our filing for free at this point. I use them for the ease and the fact they have my previous tax years so its a pain to change but I just might.
I received an email that the k-1 section was updated and ready. But when I go into Turbo Tax and try to input the information, it says it still needs to be updated?
Just switched to HR Block after using TurboTax for over 10 years because of this. Just switch and don't look back.
I am not going to pay a paper pusher 3x as much to do something I can do on my own. I have been doing my taxes and all my clients taxes on my own for years. I worked for a tax attorney for many years and learned that most places for estate planning, business entity creation and taxes etc are rip offs.
H and R Block online.... Literally the same thing as TurboTax lol.
Its literally not - if you were an actual business owner you'd know that one. I am not self-employed I have an actual business. HR Block online works for some people's circumstances but not mine. Again... this was my literal job but I guess some internet guy knows more about how my business is run than me
This is TT MO unfortunately. They consistently do this when they are working to integrate a form (i.e., provide an expected date and then keep moving the goalposts). It's clearly a cynical strategy they utilize to attempt to blunt the complaints they would receive if they just provided an accurate date up front.