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Returning Member
posted Apr 4, 2021 7:49:12 PM

Lines missing from Sched K1 (Form 1120S)

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!

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2 Replies
Expert Alumni
Apr 4, 2021 8:06:33 PM

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

 

 

Returning Member
Apr 5, 2021 4:04:58 PM

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.