K1 Worksheet

[L Abrams]

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]

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

[L Abrams]

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 Abrams]

STILL NEED HELP, CAN SOMEONE FROM TURBOTAX PLEASE RESPOND?

THANK YOU!

[DoninGA]

@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...

[mwshirkey]

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]

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]

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 Abrams]

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!

[mwshirkey]

Following up the previous message.

Will the K1 worksheets be available on 2/21 as is posted in the Turbo Tax program?  Please advise on the probability.  

thank you

[PatriciaV]

According to the Forms Availability Table, Schedule K-1 is estimated to be ready for input on February 21, 2024. This date has not changed in the last week, which would imply the update should be released on time. Note that this is an estimate and can change at any time. TurboTax is working hard to provide you with a reliable product as it has for many years.

We recommend that you wait until the next day to update TurboTax (if using the desktop version) then retry the K-1 entries.

@mwshirkey 

[mwshirkey]

 Hello,

Can I get a refund from TurboTax for my online subscription?  I have zero faith the K1's will be ready tomorrow and/or Thursday.  

Please let me know how I request a refund.

thank you

mark

[PatriciaV]

To request a refund for your TurboTax purchase, follow the instructions here: How do I request a refund for my TurboTax product? 

You might wait a few more days before making this request because the Forms Availability Table does list Schedule K-1 for the update due February 21, 2024. Because updates are released after business hours Pacific time, we recommend that you wait until the next day to update TurboTax (if using the desktop version) then retry the K-1 entries.

@mwshirkey 

[mwshirkey]

Thank you Patricia.

I'm trying to patiently await.  I will look tomorrow morning, if not available I'm going to move on from Turbo Tax.

Still no one from Turbo Tax  has answered why the K1 form/worksheet issue exists when many if not all other tax service providers have been up and running for some time!

thank you

[PII removed]

[L Abrams]

mwshirkey, Not only do other tax services not have an issue with this, Turbo Tax has NEVER had an issue with this in the 25 plus years I've been using it. Someone dropped the ball and no one can explain what happened. Previous answers have been evasive and BS. I patiently await with the rest of you!