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Issue with Distribute K-1 in Turbotax Business
TT Business is reporting a PDF generation error while using the Distribute K-1. This happens when you have multiple partners in a company using the same TIN (Section E of the K1). Is there a work around to make it print these K1 automatically as individual files for distribution. I have around 7 partners. 4 are individuals and 3 are partners through the same company and hence use the same TIN for these 3 partners. TT fails to generate the individual files in this situation. It happened in TT 2019 and I see the problem in TT 2020 Business also.
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March 2, 2021
10:33 AM