I have successfully filed my Form 1065 for Federal using Intuit Turbotax Business and successfully generated K-1s for the Federal forms. The Connecticut State equivalents are not working for me. Specifically, Connecticut Turbotax Business step-by-step ask me some questions, but nothing is asked about estimated taxes paid or portion of business income in the State. Reviewing the CT-1065 (state version of Federal 1065) generated by Turbotax, it has identifying information on partners and some data filled in Part I Schedule C, but aside from this no other numbers appear to be filled in (for example no estimated tax payments have been filled in) and no numbers at all are propagated through to the state partnership K-1s generated by Turbotax. I spoke with Turbotax support earlier this month about this, and they suggested to wait until forms have been updated. I redownloaded, restarted, and ran the Connecticut step-by-step just now (morning of March 22), but there does not appear to be any change. Have the forms been udpated yet? If not, what should I do to get the Connecticut State version of Turbotax Business to function properly? Thank you.
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I have the same issue, with State of Connecticut K-1s not being populated from the Federal. Completing the CT forms requires override - but this precludes e-filing, which is required by the State. Additionally, the lack of auto-populated data into this part of the CT-1065 means the Pass Through Entity Tax Credit is not being calculated. These are critical failures. Is anyone at TurboTax working on a solution?
I learned yesterday, from a diligent TurboTax telephone support agent, that Connecticut changed the way partnerships file business tax returns. The composite return is mandatory and the pass through entity tax return is optional -- though, at least in my case, beneficial. Unfortunately, TurboTax does not support the CT-PET return this year so I must file paper tax returns with the state of Connecticut. (BOO!) TurboTax, will you have the CT-PET return available for tax year 2025? If not, there will be no point in purchasing the CT Partnership tax return software.
For now, you will need to prepare form CT-PTE manually and file by mail. Here's the link: https://portal.ct.gov/drs/taxes/pass-through-entity/tax-information
You may wish to confirm the form is included before purchasing the state module next year.
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