No the K1 form you have is correct. Estates have the option to claim their year end. For estate with year ends ending in 2020, you would report the beneficiary's share of income or losses on your 2020 tax return. The 2/25/21 date is the availability date for the form in TurboTax. You should be able to enter the information and clear review on or after that date.
Click here for the Form Availability schedule for TurboTax.
The pandemic has affected your taxes in many ways. Including reporting in TurboTax the amount of stimulus money you received. Click Here for more information on how the Pandemic affected your 2020 taxes.
