Turbo tax business, LLC's partner who's disregarded entity (living trust), the TIN entered being flagged as invalid. Is this software error being worked on with a fix?

sophialiu7 · ‎February 17, 2021

For LLC tax return, on schedule k-1 worksheet and schedule K-1 item H2, disregarded entity TIN for the living trust. The federal review flagged the TIN as invalid. How do we get rid of this error of the software? Is there a fix coming or a work around for it?

M-MTax · ‎February 17, 2021

Did you put in the TIN in the right way.....XX-XXXXXXX?

Anonymous · ‎February 18, 2021

A disregarded entity of a LLC would not always be a xx-xxxxxxx format. In many cases the DE is an individual and should be entered as xxx-xx-xxxx. I believe this is a software error as several days ago this entry was NOT flagged as an error. It just showed up today (not yesterday) for me

Anonymous · ‎February 18, 2021

Well, I went ahead and entered the individual's SSN in the XX-XXXXXXX format and the error went away. Not great software as it should allow a DE TIN in either format as the DE can be a Trust or an individual; each with a different format.

Turbo tax business, LLC's partner who's disregarded entity (living trust), the TIN entered being flagged as invalid. Is this software error being worked on with a fix?

Business & farm

Business & farm

Business & farm