Get your taxes done using TurboTax

Hi there,

 

For your franchise return, you'll need to wait and see if it gets accepted or rejected. There's no way to make changes after you e-filed (even if it's still pending).  If Texas accepts the return, you'll need to file an amendment. 

 

As far as your K-1 entries, you can just enter the amount of Ordinary business income (loss) from that statement in the box 20 screen. Once you move on, TurboTax will use that info to ask you more questions about your 199A (QBI) income, and you'll have the opportunity to enter all the amounts from the statement for an accurate calculation.

 

- Rebecca

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