My firm give me a K-1 with a new K-3. For reasons of reporting an FTC under Form 1116 (for this K-1), I need TurboTax functionality with K-3. When I go further through prompts, I get the following message:
"You've done a great job starting your taxes early, but the IRS is still working on finishing up the Schedule K-3 for 2021. That means this area isn't quite ready yet.
Check back soon and we'll help you finish up.
Let's keep working on other parts of your return."
I know you say its an IRS K-3 release issue (Mar 20 release), but I could care less. I need to know when TurboTax will have K-3 functionality implemented. There are many errors in the return as a result and it does not calculate FTC on Form 1116 properly because of this. Please do not respond with the banal response of trying a workaround to file the 1040. I do not want to do that.
When TurboTax will have K-3 functionality implemented?
Please respond
