topic What version of turbo tax will work with K1 from blackstone? in Get your taxes done using TurboTax

What version of turbo tax will work with K1 from blackstone?

simplitia — Sat, 07 Apr 2018 15:14:05 GMT

Hi all, wondering if anyone have experience with blackstone (BX)? What version of turbotax will work and if you can let me know the procedure you took would be great! thanks.

Re: What version of turbo tax will work with K1 from blackstone?

LindaA — Sat, 07 Apr 2018 19:12:57 GMT

You may use TurboTax Premier Online, TurboTax Self-Employed, or a TurboTax CD/Download software product to enter information from a Schedule K-1. However, please note that if the Schedule K-1 (Form 1065) indicates that the partner is an IRA or another retirement plan you do not need to report it on your tax return.

Re: What version of turbo tax will work with K1 from blackstone?

simplitia — Sun, 08 Apr 2018 05:11:52 GMT

thank you.

Re: What version of turbo tax will work with K1 from blackstone?

honeycombe8 — Sat, 23 Mar 2019 14:36:25 GMT

My understanding is that you can import the k-1 files into the software/download TT versions, but not in the online version. You have to enter manually in the online version. Also be aware that k-1s sometimes leave fields blank when they don't apply. Turbotax requires a "0" be entered in some of those fields, in case you run across that issue (which I did). I didn't find an answer to the error anywhere, but found it out when I had paid for online consultation, so was able to call in to find out the problem.

Re: What version of turbo tax will work with K1 from blackstone?

mollydev — Thu, 28 Mar 2019 16:36:37 GMT

Just to confirm, you cannot use the free or simple version if you have a K1, is that right? Thanks.

Re: What version of turbo tax will work with K1 from blackstone?

VolvoGirl — Thu, 28 Mar 2019 16:48:58 GMT

Right. You need the Online Premier version (or Self Employed version) OR any of the Desktop programs to enter a K-1.