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Level 2

Question

K1 Worksheet

Forum|Forum|2 years ago
January 31, 2024
4 replies
21 views

Unable to enter K1 info for 2023.

Turbo tax say "Ready Soon" for almost a month now.

All other 2023 info has been entered, but we cannot complete or file our return.

Been using Turbo Tax for decades and this has never been an issue!

HELP-What's up, when will this be updated be fixed?

CatinaT1

Level 15

Try closing TurboTax, clear your Cache and Cookies, and reopen TurboTax. Make sure you have ran all updates.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

L AbramsAuthor

Level 2

Thanks for the advice, but it did not help.

This appears to be solely a TurboTax issues, as they do not have the worksheet/schedule completed and ready, so there is nowhere to enter my K1 info.

Very frustrating.

L AbramsAuthor

Level 2

STILL NEED HELP, CAN SOMEONE FROM TURBOTAX PLEASE RESPOND?

THANK YOU!

DoninGA

Level 15

@L Abrams

Schedule K-1 (Form 1065) and Schedule K-1 (Form 1120S) for tax year 2023 are scheduled to be available in TurboTax on 02/14/2024.

Go to this TurboTax website for forms availability - https://form-status.app.intuit.com/tax-forms-availability/formsavailability?albRedirect=true&product=Turbotax_online&bu=cg

mwshirkey

Level 2

Here we are on Feb 13th now the message says the forms will not be available until Feb 21. Please help us long time Turbo Tax users understand.

We appreciate the forum by which to ask questions but still no helpful answers!

thank you

dmertz

Level 15

Schedules K-1 are typically one of the last things that TurboTax developers finalize because calendar-year entities (which are the majority of entities that issue Schedules K-1) generally do not send Schedules K-1 until at least March because those entities have to prepare their tax returns first. Other aspects of TurboTax receive higher priority for finalization because they affect more users. The TurboTax and IRS resources involved in finalizing TurboTax's forms is finite, so it takes several months into tax filing season to get everything finalized.

mwshirkey

Level 2

Thank you for the fast response.

How is it that other "tax software" providers are able to proceed?

How can we be assured the forms will be available on, now, Feb 21?

I appreciate the support.

mark

L AbramsAuthor

Level 2

STILL NEED HELP!!!

K-1 SCHEDULE DELAY HAS NEVER BEEN AN ISSUE THE PAST 10 YEARS!

ANSWERS IN THIS CHAIN SOUND SORT OF BOGUS.

THIS IS PREVENTING ME FROM FILING OUR RETURN.

CAN SOMEONE FROM TURBO TAX PLEASE RESPOND?

THANK YOU!

nicole11122

Level 2

This is ridiculous. I have always done my taxes by now using turbo tax for many years and have never had a problem with this form being available here we are on the second availability date and still nothing! Guess I will have to start looking into a new tax software to use!!!!!!