Note to Turbotax experts. The K1 section of Turbotax was written by impostor experts. You will cause people a lot of trouble with this mediocre section. Please get your real experts together and fix it or we will stop using your product.
Ive called and spoken with 3 of your experts so far and all were clueless! All scrambling to chat with other experts in an attempt to bs an answer and get a good rating on the survey. You’re not fooling anyone. You are asking us if there is anything on the K1 in section III line 20? It depends. Your silly software should be systematic and clear on what to do to enter these forms section by section. The software should ask questions like. Does your K1 point to an attached Addendum that lists multiple activities with items listed in boxes 1, 2 and 3 as well as in boxes 4 through 20. At this time the software asks a bunch of junk questions that do not align with the way k1 items are reported on the 1065 format.
The other major issue is that the software does not explain where you can enter values for boxes 1 2 and 3 if they all have values. You can only pick one. and then it skips straight to box 4. The software should say If your k1 has values in lines 1 2 and 3, you should do this and that but it doesn’t. It’s like trying to perform surgery in the dark.
Fix it! Im not going to pay 250 bucks again and will rather pay a real CPA to get it right.
Please pass this on! The level of mediocrity in the k1 sections is embarrassing and I will add that the level of mediocrity and cluelessness in the experts accessible by phone is also an embarrassment! I apologize for my bluntness but I spent countless hours on something that should have been easy to handle with the use of Turbotax. After all that’s what it’s about... Not needing to be CPA to file your taxes.
I am not saying some of you guys are not experts but a lot of you are far from it.
Please pass this on to your superiors. Thanks!
