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Business & farm
I'm sorry I don't understand your answer, but it doesn't address my question. The S corp that I work for is not an SSTB. However, TurboTax made the assumption that it is, thereby affecting my tax return negatively. I was not able to change that in TurboTax, even after consulting several people on this forum and one at TurboTax. I had to delete the entire K-1 and start over again. This time, for some odd reason TurboTax assumed it was not an SSTB, so that was a positive. Unfortunately it made another error when preparing the 8995-A form. It appears Intuit is still struggling to figure out the 8995 forms. I tried TaxSlayer, and they seems to have it in better shape.
March 3, 2020
10:41 PM