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Business & farm
I haven't tried importing any K-1's for 2018 returns yet, but in the past the import process was less than fulfilling: it didn't import the Sales Schedule info, and it didn't match the new K-1 to any prior year K-1 (important for suspended passive losses). And for complicated K-1s (multiple entities, entries on lines 1,2,3) it didn't handle that.
So I've always manually entered the numbers. It really doesn't take that long.
So I've always manually entered the numbers. It really doesn't take that long.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎June 4, 2019
2:03 PM