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New Member
posted Feb 18, 2021 6:45:43 AM

Turbo Tax Schedule k-worksheet is a Turbo tax form, not a federal form. Schedule K-1 1041 is final, why is the worksheet delayed until 2/25/2021?

Schedule K-1 form 1041 has been finalized as of January (I checked the IRS website). Why has Turbotax delayed now until 2/25/2021 for a worksheet that isn't even transmitted on e-filing? I've been using this software since 1990 when it was developed by Parson's Techonolgies (Intuit/Turbotax bought Parson's in 1993). With all these delays and the NYS Pension error this is the last year I will buy and use Turbotax.

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1 Replies
Level 15
Feb 18, 2021 7:59:29 AM

The K-1 (1041) form has changed for the 2020 tax year, which is most likely the reason for the delay.