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Level 2
posted Feb 13, 2024 2:35:58 PM

Turbo Tax K-1 Not updated for 2023

I agree with the previous comment. When can we expect Turbo Tax to upgrade their K-1 submission button.  Mine is darkened out for 2024

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1 Best answer
Level 15
Feb 13, 2024 2:36:51 PM

The Schedule K-1 for tax year 2023 is scheduled to be available on 02/22/2024.

24 Replies
Level 15
Feb 13, 2024 2:36:51 PM

The Schedule K-1 for tax year 2023 is scheduled to be available on 02/22/2024.

Level 2
Feb 13, 2024 2:38:35 PM

GREAT. Thanks

Level 2
Feb 14, 2024 4:33:19 AM

I was told by a TurboTax representative that it would be available 2/14/24. Why did the date move? Where did you get your information? Thanks so much!

Level 2
Feb 14, 2024 5:07:32 AM

The date has been published as 2/14 for some time on their site:

 

https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

 

It's not like folks are going to get a discount when they don't meet the date. They just change the date to some other future date. Maybe it'll be done sooner....might get pushed out again. Unfortunately, you just have to keep checking the site.

Expert Alumni
Feb 15, 2024 7:06:51 AM

According to the Forms Availability Table, Schedule K-1 will be ready for input on February 21, 2024. We recommend that you wait until the next day to update TurboTax (if using the desktop version) then retry the K-1 entries.

 

@swillnerwa 

@KTHart 

@TampaMike 

Level 1
Feb 20, 2024 8:34:27 AM

The lateness of the K-1 entry screen being available is beginning to be a serious identity theft issue. The later I can file my return, the more chance someone will file under my information and try to steel my identity. At the very least the IRS will hold up my refund until it is sorted out......taking many months.

Level 2
Feb 20, 2024 2:08:42 PM

Great point.  Does anyone know if this an issue due to the IRS or internal to TurboTax?? I am looking at other options for next year....

Level 2
Feb 20, 2024 2:15:59 PM

The instructions for Form 1065 and Form 1065/K1 were published on 1/23/24. It's been almost a month, but I'm not clear on what the effort is for the changes based on what was published.

Level 2
Feb 20, 2024 2:25:56 PM

The button to input K-1 data to this point has not been updated. I entered all of my data on the form but when I tried to put in the total owing, it would not register and I presume that is because they are still in the process of updating the K-1 so at this time the K-1 can not be completed in the 2023 Turbo tax. I am now waiting for the next couple of days when one of the participants indicated that  was when Turbo Tax will have completed their update.

New Member
Feb 20, 2024 2:52:19 PM

I suggest we all contact our representatives in Congress and ask them why the tax rules are not completed before the START of a tax year, instead of AFTER.

Level 1
Feb 21, 2024 2:07:13 AM

And yet, it's the 21st and they're not ready for input as you said. Just like it wasn't ready on the 14th as previously said. TurboTax has little to no credibility any longer. I will definitely be choosing another software service next year. You've lost a long-time customer, TurboTax.

Level 1
Feb 21, 2024 2:09:30 AM

Just like two weeks ago it was scheduled to be out on 2/14. That means absolutely nothing when they keep pushing it off.

Level 2
Feb 21, 2024 4:47:44 AM

It's not just turbo tax, I'm told. The local CPAs around me using much more sophisticated software can't file either.

Level 2
Feb 21, 2024 4:48:27 AM

I'm told by local CPAs that it's most all software

Expert Alumni
Feb 21, 2024 5:14:38 AM

Updates are released after business hours Pacific time. The Forms Availability Table does list Schedule K-1 for the update due February 21, 2024. We recommend that you wait until the next day to update TurboTax (if using the desktop version) then retry the K-1 entries.

Level 1
Feb 21, 2024 2:32:41 PM

That's tomorrow...................hope U R right.

 

Losing customers by the day.

Level 2
Feb 22, 2024 4:53:35 AM

In case you don't already know....the form is now available.

New Member
Feb 22, 2024 9:09:00 AM

Has the K1 update been completed yet?

Expert Alumni
Feb 22, 2024 9:23:18 AM

@PatriciaV and forms availability report that the K-1 update is available.

 

@Eddie-Sanchez 

Level 2
Feb 25, 2024 5:30:48 PM

I've run the update as of the 25th I still cannot find the K1 anywhere..  what am I missing?

 

Expert Alumni
Feb 27, 2024 6:58:35 AM

Schedule K-1 is entered under Business Income. To find this section easily, follow the instructions below: 

 

The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "schedule k-1", and hit Enter. The first result should be "jump to schedule k-1". Click on this link to go directly to the input screen for this topic.

 

@Tode2 

Level 1
Mar 7, 2024 7:17:32 AM

It is 3/7 and it still isn't updated.

Level 2
Mar 7, 2024 8:48:44 AM

I'm glad I found this post. Because I am trying to file an amended return for a K-1 that I just received. So apparently I am not the only one, All of this to just add a measly $13 to my income.

New Member
Mar 10, 2024 5:14:05 PM

K-1 information is still not showing on Personal Income page.