NC K-1 and NC D-400 Schedule S

Forum|Forum|4 years ago
February 28, 2022
1 reply
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I have a federal K-1 with values in boxes 1&2 (ordinary business income & net rental real estate income), so I entered as 2 separate K-1s (as I have in previous years). I then have a single NC K-1 with the combined total of boxes 1&2 from the federal K-1 on line 1. TurboTax wants info about "both" K-1s when I complete the NC data, so I entered 0 on line 1 for one of them, and the actual amount for the other. However, when I run the NC state SmartCheck, it says I have an error: "D-400 Sch S: Your return includes a Schedule NC K-1 that requires a calculation on the North Carolina Form D-400 Schedule S which has not been finalized. Do not file this return until this calculation is finalized in the upcoming release of TurboTax/North Carolina". When I check the status of D-400 Schedule S, it says it's available. I've checked for updates and am up-to-date. Is there still a release I need to wait for, and if so, when will it be available? If not, why isn't it taking the info I've entered?

Best answer by SF1953

I'm having the exact same issue. No helpful information from TurboTax regarding it. TurboTax needs to provide an update on what is happening.

I launched TurboTax this morning. There was an update that downloaded. Including NC update. Once, the update was completed, the issue went away. Thankfully.

MarilynG

Level 15

Click this link for latest info on North Carolina Schedule S.

[Edited 03/01/2022 5:03 pm]

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SteamTrain

Level 15

@MarilynG

Your link doesn't go to a page that we mere public mortals can get to.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

cberlinghoff-gmaAuthor

Level 2

Agree on the link issue, but more importantly, the TurboTax schedule I did find (before posting originally) said the NC D-400 Schedule S would be available Feb 24th. After the 24th, it says "available", but my problem remains despite processing all software updates.