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Get your taxes done using TurboTax
@Boyan: This forum hasn't been notifying me of 'mentions' or activity in the thread, so sorry about the late response. FWIW, I haven't done much importing because a) TT's not good at matching this year's imported K-1 with last year's carryover, which is important for updating suspended losses, or in cases where the K-1 was split (e.g., for something that had entires in box 1 and 2) and b) in the case of a sale, it doesn't import the sales schedule and c) I find that I have to go through the K-1 entry by entry just to make sure everything is getting to the right place.
Manual entry does create the risk of a typo, but I just haven't found the import method reliable enough for the reasons above.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎October 12, 2019
9:33 PM