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Get your taxes done using TurboTax
My 1065 generated from Turbo Tax Business 2019 is complete and there are no errors on the error check and no red "!" when I use the View/Forms.
The only thing I can think of is that "*STMT" means: "Statement A-QBI Pass Through Entity Reporting" that is part of the 1065 K-1. On Statement A the Ordinary Business Income, W-2 Wages and UBIA of qualified property section of this statement have the amounts (no letter codes) that were on the K-1 for 2018 with the letter codes.
I don't understand why change to *STMT on the K-1 for 2019. Now I have to input things manually? And if this was the first year of using Turbo Tax there isn't any guidance for which letter codes I'm suppose to use - although I can go by last my 2018 filing.
You would think that Turbo Tax would have an import feature on the Personal Tax software that could just import any necessary information from the Business Tax Software. Just a thought.