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Level 3
Feb 11, 2023 3:56 PM UTC
Solved

K1

Why does TurboTax Business allow you to prepare K1's and file your taxes and TurboTax Home and BUsiness says that K1's are not available until 2/16?

Level 15
Feb 11, 2023 4:06 PM UTC

Probably no one here could answer your question with absolute certainty, but K-1s are available if they were issued in conjunction with 1041s (estates/trusts).

 

Since the forms are not yet available for 1065 and 1120-S, it might have something to do with basis calculations for partners/members/shareholders.

1 reply

Level 15
Feb 11, 2023 4:06 PM UTC

Probably no one here could answer your question with absolute certainty, but K-1s are available if they were issued in conjunction with 1041s (estates/trusts).

 

Since the forms are not yet available for 1065 and 1120-S, it might have something to do with basis calculations for partners/members/shareholders.