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Level 3
posted Apr 8, 2023 9:45:01 AM

How do you find know issues with TT?

I am convinced TT Premier has issues with data entry for K-1s.

Is there somewhere that you can find where TT Premier will acknowledge known flaws?

Or do they just hide them?

 

Thanks, Fred

0 3 375
3 Replies
Expert Alumni
Apr 8, 2023 12:08:41 PM

Please clarify - what are you having an issue with?

 

@Fey42 

Level 3
Apr 11, 2023 9:54:10 AM

Specifically K-1 data entry Part II boxes M & N, plus Part III boxes 22 & 23.

They are not in the Step by Step or the Forms.

 

Again you have not answered my question.

Expert Alumni
Apr 11, 2023 10:59:38 AM

There are no specific entry points for the Schedule K-1 lines you listed above. You may wish to consult the Partner's Instructions for Schedule K-1 (Form 1065) for specific help in using this information. 

 

These items are generally related to Section 704(c) gain/loss from the contribution of property with a built-in gain/loss or passive activity limitations. If you are not familiar with these tax rules, you may wish to consult with a local tax expert who would be more familiar with your specific tax situation.