It looks like Box 12 code C is now working and I was able to try to e-file my taxes. However, the IRS rejected my taxes because it says I need a form 8283 - I entered all of the information for this in the K-1 section of TT. When I go to fix my return, TT says:
Description of error:
There is a potential issue with the calculation regarding donations reflected on a K-1 (S Corporation of Partnership/LLC).
What needs to be done:
We've identified an issue in your federal tax return. This issue is being resolved in a product release scheduled for April 5th, 2024. On or after that date, you'll need to sign into TurboTax, complete a quick review (steps below), and resubmit your return. This is just for your federal 1040 tax return. To review and re-submit your return: 1) Sign in to your TurboTax account. 2) Review each K-1 under Income 3) Confirm the selections for Other Deductions (Box 12 for S S Corporations and Box 13 for Partnerships/LLCs) 4) E-file your return (you won't be charged any additional fees). Note: The calculation change may affect the taxpayer's refund or balance due.
I do not understand why this is still an issue - I've been waiting since February 15th to file my taxes. Is anyone else having this issue?
