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Level 1
posted Feb 28, 2022 1:39:40 PM

NC K-1 and NC D-400 Schedule S

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?

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1 Best answer
Level 1
Mar 3, 2022 5:48:26 AM

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

7 Replies
Expert Alumni
Mar 1, 2022 1:59:14 PM

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

 

 

 

​​​​​​​[Edited 03/01/2022 5:03 pm]

Level 15
Mar 1, 2022 3:51:47 PM

@MarilynG1 

 

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

Level 1
Mar 2, 2022 3:24:40 AM

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.

Level 2
Mar 2, 2022 5:19:59 PM

I have had the exact same issue. I still have not figured it out and tax filing electronically remains pending despite feeling I have finished my state taxes.  

 

Going back to original post - these are the questions that need to be answered to help us out.

 

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?

 

Thanks for any help on this!

Level 1
Mar 2, 2022 6:58:44 PM

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

Level 1
Mar 3, 2022 5:48:26 AM

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

Level 2
Mar 3, 2022 8:16:31 AM

Thank you! Very helpful.