In TT Deluxe 2021 Desktop, I'm getting a bug in the population of 2020 amounts from K-1 forms from my LLCs. I have 3 LLCs that I need to enter amounts for Box 4a (Guaranteed Payments for Services), for which I had values in my 2020 taxes. TT prompts me with the historical value for 2020 for Box 4a, which is correct. However the same amount is also shown in 2020 for Box 4b (Guaranteed Payments for Capital), for which I had zero dollars in 2020 and also 2021. I have never had a value for Box 4b (Guaranteed Payments for Capital), and this prompt could easily guide the user to enter a value in the current year as well, potentially overstating their income. I have confirmed in my filed 2020 federal taxes pdf that I had reported zero in 2020 for all K-1's for Box 4b.
This occurred 3 times, for each of my LLC K-1's. Careful review of my K-1 forms caught this bug in TT.
Please correct this bug in the software. I have submitted a sanitized copy of my return and received token number 964417. I'm happy to help further identify it and if you need my 2020 tax return I can provide that too.
