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@smitch22 wrote:
The message I am getting online is "Sch K-1 Wks-S Corporations (businessremoved): Activity name has entries for certain deductions such as section 179, depletion, section 59(e)(2) and other expenses that may be individually limited. For purposes of the qualified business income deduction those expenses are not yet supported. This will be enabled in a subsequent release."
You might want to contact Support (link below) for that message in order to get information on when the update is scheduled to occur.
https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632
I'm getting the same error and I'm all up-to-date.
Same issue here. Very annoying.
I updated today and got the latest updates but continue to have the same error.
I am getting exactly the message "Sch K-1 Wks-Partnerships (MY COMPANY"S NAME): Activity name has entries for certain deductions such as section 179, depletion, section 59(e)(2) and other expenses that may be individually limited. For purposes of the qualified business income deduction those expenses are not yet supported. This will be enabled in a subsequent release."
Does anyone know when the release will be available? And will it fix the issue?
Same issue. I have another thread running on the board with the same problem. None of us have been able to file even though we're all updated.
Same issue here. Using online premiere version, and unable to e-file do to this even though the 8995-A form claims to be available. Very frustrating.
I am still having this issue as well. I installed the update that was released today, but I still receive the error stating that it will be fixed in a subsequent release.
When will this be fixed?
New day, same error message. I called support and they didn't really have an answer. Did anyone find a resolution?
Same issue as all others above, still a problem after being told 2/20 update would resolve.
Frustrating.
Will users be notified when this release is published? If so, how? If not, do we just keep trying every day?
New date according to IRS = 2/28
https://www.irs.gov/e-file-providers/list-of-available-free-file-fillable-forms
See form 8995-A date.
Same problem. I thought someone from TT use to come on and reply to questions like this???????????
Where are they when you need them?
Here is the latest updates on when the forms will be released by the IRS. Please review this IRS link. for information on the latest updates. Looks like 2/28/2020 for the 8995A form.
Here is how I got QBI to calculate for k-1 income from S-Corp. Turbo Tax Business (CD). I checked box 1 (put income amount in it) and box 17 (marked v and left amount field blank). A few screens later labeled We need some information about your 199a income or loss. I checked the box - "company name" has ordinary business income. (fill in income amount) and if you have w2 income for the business also check that box and fill in the w2 income.
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