Federal return rejected: FED_NeedK-1_with8283_TTO_Only

tired_of_taxes · Mar 31, 2024 1:02:40 PM

<P>Hi Tax Experts,</P><P> </P><P>My Federal and NY state returns were rejected after passing all turbotax checks. The error code is: <SPAN>FED_NeedK-1_with8283_TTO_Only.</SPAN></P><P> </P><P><SPAN>Turbotax states the following explanation: </SPAN></P><DIV class=""><SPAN class=""><SPAN class="">Description of error:</SPAN></SPAN></DIV><DIV class=""><SPAN class=""><SPAN class="">There is a potential issue with the calculation regarding donations reflected on a K-1 (S Corporation of Partnership/LLC).</SPAN></SPAN></DIV><DIV class=""><SPAN class=""><SPAN class="">What needs to be done:</SPAN></SPAN></DIV><DIV class=""><SPAN class=""><SPAN class="">We've identified an issue in your federal tax return. This issue is being resolved in a product release scheduled for April 5th, 2024. On or after that date, you'll need to sign into TurboTax, complete a quick review (steps below), and resubmit your return.</SPAN></SPAN></DIV><DIV class=""> </DIV><DIV class=""> </DIV><DIV class=""><SPAN class="">Has anyone had experience with this type of issue? Do I just wait until April 5 and try again or anything else I can try to fix?</SPAN></DIV><DIV class=""> </DIV><DIV class=""><SPAN class="">Thanks!</SPAN></DIV>

My state return was also accepted today.

But I have a new problem. I owed money on the Federal taxes (which were accepted), but the payment amount was not deducted from my bank account on the payment date (yesterday). Anyone else have a similar issue?

EDIT: payment was deducted this morning so all good now.