When I click the link to print the pages for filing my 2020 federal tax return, TurboTax (TurboTax Deluxe Desktop) tells me there is an error in my return and that I cannot file my return yet.
The “error” is that a Federal K-1 Trust form will not be available until February 25.
I have received the Schedule K-1 from the attorney who filed the Form 1041 for a deceased parent’s estate. The trust was a single calendar year trust, and the Form 1041 is the final return for the trust.
There were only 2 entries on the Schedule K-1 I received. Both were Box 11 items. TurboTax has correctly picked up both of these items and entered them in Form 1040 Schedule 1, Line 22 and Form 1040 Schedule D, Line 12 respectively.
TurboTax also prepared a Schedule E, Page 2 for the trust. The only entry on Schedule E is a line in Part III with the trust’s Name and its EIN.
I do not understand why I need to wait for TurboTax to provide a Federal K-1 Trust form before I file my tax return.
