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Get your taxes done using TurboTax
I have found an issue with Turbotax Premier for Tax year 2025. In the Federal return Form 4952 does not pick up interest from K-1s, and includes only interest from 1099-INT. The interest from K-1 box 5 however is reported on Schedule B, part 1 and is included in the Schedule B total, but the K-1 interest number does not make it to the 4952 worksheet, specifically 4952 line 5b "From Schedules K-1, ... " does not populate and remains blank. As a result the total investment income (line 10 of form 4952) is understated. Can you please comment why and if this can this be fixed in the next TurboTax premier update?
Tuesday