Partnership Return

Forum|Forum|4 years ago
February 19, 2022
1 reply
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I'm using TurboTax Business to prepare Form 1065. There are 5 LLC members (partners). TurbotTax has prepared a K-1 for each. But there is only one K-1 worksheet (for one of the 5 partners). How do I get the other K-1wks?

Thanks

Anonymous_

Level 15

That is by design. Scroll down the worksheet and you will see all of the partners.

lbaruschAuthor

Level 2

Thanks for answering. I suspect at one time if you scrolled down on the K-1 wks you got the other worksheets. That is not the case now. I deferred responding until I loaded the current updates. But there is only 1 k-1wks available.

If you scroll down on the one K-1wks you can quick zoom to any k-1. But those are K-1s, not k-1wks. If you try to go to data source from a k-1 entry you go to the k-1 wks-- but there is only 1. You can't change data on the other partners.

The particular problem I have is that I started with last year's 1065. I really don't want to start fresh as then I have to re-enter data on all 5 partners. But I do have to correct the opening capital account balance for each partner. I have used the override key, but this disconnects parts of the program that moves capital accounts to the balance sheet (Schedule L) which would have been a really nice feature.

Please check out the program as it currentlye xists.

Thanks