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Level 2

Question

Lines missing from Sched K1 (Form 1120S)

Forum|Forum|5 years ago
April 5, 2021
2 replies
17 views

Hi,

TurboTax is missing lines G & H, new this year, from Schedule K-1 (Form 1120S). The lines are on the IRS pdfs. Any idea what I should do if I received a K-1 with non-blank in these lines? Or will TurboTax be adding them soon?

Thanks!

Level 10

Lines G and H on Form 1120-S do display in forms view on the 1120-S in TurboTax Business version

Level 2

Ah, thanks; I appreciate this information.

I have Premier and do not need any other business features. It is strange though as Premier is advertised to have K-1 (Form 1120S) support, but it is not up-to-date with the IRS K-1(1120S) form. That is disappointing; seems like an oversight, if not a bug.