Get your taxes done using TurboTax

MelindaS1

You're right, the programming is out-of-date and I'll be submitting it today. For now, to get your Schedule D matching the K-1 and 1099 copies the IRS have so you can file your taxes, just change your entry in the K-1 step-by-step interview or Forms view worksheet from Box 11 code S to Box 8 for Short-Term Capital Gain (or Box 9 for LTCG). I tested this and it flowed correctly.

You should also delete the K1P Addl Info worksheet if you had already entered the short-term or long-term info for the Box 11 Code S previously (see below); select Delete Form at the bottom of this page to remove the unnecessary data (sometimes the program glitches when prior entries are removed and left blank).

This workaround didn't seem to affect Form 8582, but take note of your passive/non-passive activity loss tracking if you're impacted by the loss limitation rules: learn more.

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