topic My 2021 TurboTax Business software is not transferring my 2020 LLC's partnership ownership data correctly. Is there a fix? in Business & farm

My 2021 TurboTax Business software is not transferring my 2020 LLC's partnership ownership data correctly. Is there a fix?

tkielkopf — Mon, 09 Mar 2026 06:06:45 GMT

I've gone into the 2020 to update TurboTax and re-save the ownership data already. Didn't work.

Re: My 2021 TurboTax Business software is not transferring my 2020 LLC's partnership ownership data correctly. Is there a fix?

Anonymous_ — Tue, 15 Feb 2022 18:02:08 GMT

Did you check your 2020 return to ensure a member was not deleted and the return (including K-1s) was not marked as final?

There have been a number of reports centering around this issue. Some have been resolved by the method described above while others have found they needed to enter member/partner information from scratch.

Re: My 2021 TurboTax Business software is not transferring my 2020 LLC's partnership ownership data correctly. Is there a fix?

tkielkopf — Tue, 15 Feb 2022 19:36:39 GMT

Yes, I went back in. Re-saved the old file to an alternative name. Same issue.

I ended up having to re-create new members, then manually going in to the forms to insert the correct starting and ending ownership information.

Re: My 2021 TurboTax Business software is not transferring my 2020 LLC's partnership ownership data correctly. Is there a fix?

xocy — Thu, 31 Mar 2022 15:34:47 GMT

I'm having the same problem and the only solution so far is to act as though it is a new business. I think some of this problem is the change to 1099 NEC from 1099 Misc. It is really poor customer service that Turbo Tax has not addressed this.