Intuit has a virtual monopoly on consumer tax preparation software. They lobby the federal government to prevent the IRS from providing its own software. Tax filing is way too complex for anyone to do without software and the government should provide the needed software. Intuit has become an evil company because it is a monopoly and has no incentive to improve or even fix its broken product. The same bugs and unclear instructions remin year after year without getting corrected. You will be frustrated if you try to enter 199A information from a K-1 of a partnership that isn't simply providing REIT income (which makes life easy). You need to know that there is a hidden drop down in "We need some information about your 199A income." The check box for business income (loss) opens a drop down to enter rental income (loss). Of course, rental income is NOT business income. This bug remains year after year causing countless hours wasted. (I am using TurboTax Home & Biz downloaded to a Windows PC. Don't bother trying to use the cloud version of the software. It can't handle the complexity when you have K-1s.)
You'll need to sign in or create an account to connect with an expert.
@Fred_Fandango wrote:
You will be frustrated if you try to enter 199A information from a K-1 of a partnership that isn't simply providing REIT income (which makes life easy). You need to know that there is a hidden drop down in "We need some information about your 199A income."
I agree that is an absolute pain and could be handled better in the software.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bradsliz
Level 2
vickap
Level 2
BanjoBennyBoy
New Member
kash9
Returning Member
kash9
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.