I have TT Business for tax year 2023 installed on my computer. When I previously talked to the TT rep on the phone, I had opened the Form 1041 return for 2023, which had somehow been saved with the pdf extension. I asked if it might work to save it with the tax2023 extension. She agreed and I did so. Attempting to open a return by manually both documents resulted in error codes, which the TT rep said meant either the files or the software was corrupted. She said I would have to manually input all information from my 2023 return to my 2024 return.
Using your link with instructions, I ran a manual update for 2023. It said the update was successful. I don’t know what you meant to “save that file with a new name before you try transferring the information to the 2024 version of TurboTax Business.” Since I had two files with different names, I then attempted to continue my 2023 Form 1041, first using the pdf extension, which again resulted in the error code 102346, and second, using the tax2023 extension, which again resulted in the error code 102345.
As I had stated before, I completed and successfully submitted both the 2023 1065 and 1041 federal tax returns in 2024 using the 2023 TT Business installed on my laptop. When I downloaded the 2024 TT Business installed on my laptop, it asked which return I wanted to start and gave me both the 1065 and 1041 return options from 2023. I selected the 1065 option, which is due in March 2025, and all of the applicable information from my 2023 return was downloaded to the 2024 return. I completed and successfully submitted my 2024 1065 federal tax return.
When I attempted to start my 1041 tax return on my 2024 TT Business installed on my laptop, it no longer gives me the 1041 return options from 2023. I apparently have to manually re-input all information from my 2023 return to my 2024 return.
It is frustrating since, in my opinion, the issue with the file or software corruption occurred when I agreed to update the 2023 TT Business when I opened it. It is my opinion that I would have been given the 1041 return option from my 2023 return and all of the applicable information from my 2023 return would have been downloaded to the 2024 return if I had not updated the 2023 TT Business.
