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Business & farm
The IRS doesn't see the entries labelled as coming from Schedule K-1. Instead, the numbers entered from a K-1 flow to other appropriate forms in your return. In the case of Box 12/13 Code C, the contributions are reported on Schedule A. So, omitting the K-1 entry and making a directly entry under the Contributions topic is an acceptable short-cut.
We do not have an updated estimate for the release of this fix. The date quoted in your return is the official estimate.
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March 25, 2024
7:18 AM