Issue with K-1's during final check

OoTaxes — Tue, 25 Feb 2020 20:05:19 GMT

Good day,

During then final review, turbotax is finding 1 area of the return that needs to be checked:

"Sch K-1 Wks-Partnerships (XXX YYY INC): Activity name has entries for certain deductions such as section 179, depletion, section 59(e)(2) and other expenses that may be individually limited. For purposes of the qualified business income deduction those expenses are not yet supported. This will be enabled in a subsequent release"

Please let me know when will this be fix.

Thanks.

Re: Issue with K-1's during final check

DaveF1006 — Tue, 25 Feb 2020 20:37:03 GMT

Here is the latest updates on when the forms will be released by the IRS. Please review this IRS link. for information on the latest updates. Looks like 2/28/2020 for the 8995A form.

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Issue with K-1's during final check

Re: Issue with K-1's during final check