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aicllc
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Does TurboTax Business 2021 support Form 1065X and calculate tax due at the entity level?

 
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PoojaT27
Employee Tax Expert

Does TurboTax Business 2021 support Form 1065X and calculate tax due at the entity level?

Hello,

Thank you for attending our event. Yes you can file 2021 Partnership 1065X using TurboTax. The steps that you will take will depend if you filed the original return with Turbo Tax or elsewhere. Turbo tax Business software is only available in desktop version so follow the steps under the CD/Download topic .

How do I amend my 2021 return? 

Partnerships do not pay tax at the partnership level to IRS. the income is passed through to the partners via K-1 and taxed on the partner's return. States differ on how they tax partnerships. Turbo tax is equipped to handle all states and will calculate the tax if it is due at the entity level to the state. 

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