when will 1040 allow for k1 amounts to be entered.

Forum|Forum|2 years ago
February 15, 2024
3 replies
33 views

When will TurboTax deluxe be updated to allow entry of income from K1?

DoninGA

Level 15

The Schedule K-1 for Form 1065 or Form 1120S for tax year 2023 is scheduled to be available on 02/22/2024.

jstrAuthor

Level 2

Interestingly, I have TurboTax for business. This product has allowed completion of k1 in 1120S. My question involves individual return in 1040. Turbo tax deluxe is telling me I can’t enter k1 income into 1040 as this is unavailable. When will the TT be updated to allow entry into 1040.

DoninGA

Level 15

@jstr wrote:

Interestingly, I have TurboTax for business. This product has allowed completion of k1 in 1120S. My question involves individual return in 1040. Turbo tax deluxe is telling me I can’t enter k1 income into 1040 as this is unavailable. When will the TT be updated to allow entry into 1040.

The answer provided was for the personal editions of TurboTax using Form 1040