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Level 3
posted Feb 23, 2022 2:41:18 PM

When will 2021 IL Schedule K-1-P forms for IL-1065 partnership form be available?

2021 IL-1065 partnership form indicates it is just waiting for release of IL-1065-V payment voucher before filing. However, the Schedule IL-K-1-P forms have not been generated.  Apparently IL has recently (2/10/2022) updated the Schedule K-1-P forms on their website. 

IL-1065 does not have to be filed until 15 April 2022, but Federal 1065 form needs to be filed by 15 March 2022.  Should I try to just file federal return now while waiting for IL Schedule K-1-P?  Even then LLC members may have to file for an extension for their IL state taxes (also due 15 April 2022), or maybe both federal & state if their tax person wants to complete both at the same time.

0 3 755
3 Replies
Level 3
Feb 25, 2022 3:10:55 PM

Latest update (installed this morning 2/25/2022) resolved the IL-1065-V form issue that prevented IL form 1065 from being completed and mailed.  Thus TT indicates the tax form can be printed and mailed, but K-1-P forms are still not shown.  Seems like there should be some sort of error message or other restriction on printing (like there was before the IL-1065-V form was released) until these forms are available.

Level 3
Feb 25, 2022 3:16:01 PM

TT website (https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotaxbusiness_il_windows_partnership.html) indicates the IL K-1-P forms are available for print now.

Level 3
Feb 25, 2022 4:31:48 PM

Finally got through to a TT representative on telephone.  Shared my computer screen, tried to find a discussion under TT help topics then when selected 'forms view' to show them what I was talking about the IL Schedule K-1-P forms were somehow 'magically there', could go to the filing print screen and save entire IL return (including K-1-P forms) as a PDF.  Have no idea what happened between the time when had checked forms view before I called and again after TT representative called back and they were there.