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Form 7217 - is it under development plus a question?
I am using TT desktop. With regards to a Final K-1 distribution, the program is stating "TurboTax is not supporting Form 7217 at this time." (emphasis added). Is support for that form under development at this time? Is it likely to be included before 4/15/25? Or should I be planning at this stage on filing by mail rather than e-filing?
Also, the form's instructions and some questions in the community use the phrase "money or marketable securities treated as money". In my case, the distribution of the partnership assets were made as cash and publicly traded securities. It seems would seem publicly traded securities would fit as "marketable securities" but the "treated as money" clause gives me pause. Do such securities let me fit the exception such that I do not have to file the Form 7217?