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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?
4 weeks ago