TurboTax 2021 Premier desktop edition. I have 2 K-1s. A LLC (1065) and a S Corp (1120S).
I enter the K-1 info for the S Corp. (CompanyName1 TaxID-1)
I enter the K-1 infor the the LLC (CompanyName2, TaxID-2)
When I get to the screen "We need some information about your 199A income for the LLC (CompanyName2), it uses as the business name CompanyName1 on those questions and the rest of the questions in the section. For example, it should say "CompanyName2 has business income(loss)." Instead it says CompanyName1 has business income(loss). When it generates form 8995, it lists CompanyName1 twice on the form (but correctly with my different TaxIDs. and the correct QBI for each. On the QBI worksheets, CompanyName1 is listed twice but with different taxids and QBI calculated correctly for each taxid. Part II of Schedule E correctly lists the two companies with the correct different names. In the "generated" Turbotax K-1 1065, in Section D1 it list the Partnership Name corectly as CompanyName2 , but the Trade or Business as CompanyName1 with TaxID-2. I think this is a bug? I haven't had this issue in previous years.
