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K-1 box 12 code c under development?

I keep getting an error message and it says box 12 code c is under development and should be ready March 6, 2024, its no March 9
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1 Reply
PatriciaV
Expert Alumni

K-1 box 12 code c under development?

The IRS made significant changes in Schedule K-1 for tax year 2023, adding dozens of new codes for several boxes, including new requirements for Form 8283, Noncash Charitable Contributions, which affect Schedule K- 1 Box 12 Code C.

 

Our programmers have been working to implement those changes for personal returns, connecting the new codes to appropriate Form 1040 lines and forms. Form 8283 is estimated to be ready by March 20, 2024

 

Because updates are released after business hours Pacific time, we recommend you wait to update your software the next day, run Review again.

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