Since Schedule K-1 finally became available, it is saying that Schedule K-1 Box 13 Code C is currently under development. It was originally supposed to be available last week and then was changed to "by March 6th." It is March 7th and it still indicates the March 6th date (I'm using the online version). This is the only thing preventing me from filing and I'm beyond frustrated. When will this be available?
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.
Thank you for the update. I hope it gets done promptly, as I am sure none of the users want to pay fines for late submittals.
Same here. Taxes are done. Just now waiting on TurboTax to allow me to file them but I can’t until this gets updated/fixed, etc.
Waiting for this issue to be resolved ASAP! This is holding me up from doing my E-File!
Any word on if this is coming out tomorrow? Would really like to finish my taxes using the software I purchased before tax deadline…..
This is getting ridiculous, TurboTax. Still shows this morning (March 20th) as under development. I've been waiting a month now to file my taxes. I would use another service if I hadn't already paid TT. After over 20 years of using TT, I can safely say this is my last.
The work-around for this issue is to omit your K-1 entry for Box 13 Code C. Instead, enter it directly into the charitable contributions section under Deductions and Credits on your federal return. This is where the amount would eventually be reported if the code was working.
that's an unacceptable answer. Fix the problem!!!!!!!!!!!!!!!!!!!!!!!!
It is still not going through and it’s March 20th. Any update on this?
I have checked box 13 and have Code A) Cash Contributions 60% and code C) Noncash contributions (50%). When I go to Deductions and Credits it does show this information is showing up under the Donations to Charity in 2023 although I still get the error that Code C is still under development. If I omit the box 13 Code C as suggested and try to add it manually to the donations section, I have no clue how to add this. I have a form 8283 and it says my employer made millions of dollars in mutual fund donations spread over six mutual funds to a charity foundation in their own name. I have no clue how I would be able to enter this in the Donations section. Of the millions of dollars in donations to the six mutual foundations, my share then according to box 13 code C is a only $20. I dont see how there is an plausible way to enter this information manually based on the options I am given.
It's March 20th and we will don't have a fix!?!? This is beyond absurd. The excuse of "literally hundreds of changes" would fly if millions weren't giving Intuit billions of dollars to take care of things like this!
Hello It's march 21st and I have updated turbo tax. TT even prompted me to restart after the updates. It still says Box C Non Cash Contributions is still unavailable.
THIS IS UNACCEPTABLE. I've been waiting 6 weeks to file my taxes
When will update be made. Attempted to transmit return this morning still not updated
Has this been completed yet? I've just done as you stated below, and I'm still getting "Fix my return" when trying to e-file. This is beyond frustrating. I already have to wait to file because of my K-1, now this?!
Please update this portion. First it was the K-1 section completely, and now just Box 13 Code C. The date had said March 6th and now it says end of March. This is completely unacceptable. I could have gone with another provider at this point and received my refund with the amount of time this has taken.
I eagerly got up early this morning to finally file my taxes.
Like many others, I would have gone with a different route to prepare taxes if I had known it would take this long. I'm very unsatisfied.
I am still getting the error message on March 22 and was told this would be resolved by March 20.
Heres a tip I learned yesterday from CPA about Box 13 Code C. If you are not itemizing your taxes and you are using the standard deduction, you do not need to worry about using this code as this is a donation. You can omit box 13, code C and this will have zero impact on your return. It will be accepted by the IRS and you can move on with your life.
Today is March 22nd and Box 13 C code still not available. I've been using Turbo Tax for more than 25 years and I expect better than this. Is the IRS direct file website having the same problem? This is the only thing preventing me from filing and I'm beyond frustrated. When will this fix really be available?
Like a chump, I logged on again this morning to see if TurboTax had stayed true to their word and the promised update would be delivered.
Nope.
We're now just 23 calendar days from filing time and in a lurch.
Is it working for anyone? Have we all given up?
It's now March 23, about 3 weeks to the filing deadline, and the software hasn't been completed yet. I talked to a customer service representative to see if there is a way around the check to get the forms submitted and they told me that I could request a refund and use some other software to file. Not very helpful.