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Level 4
posted Aug 25, 2022 11:11:13 AM

PTP 1065 K-1 K-3 forms due to be released for many PTP /MLP. Will we be ready?

Like some others, missing the K-3 forms, I did an extension and paid plenty. The time when www.taxpackagesupport.com partnerships forecast the forms to be available, August 31.

 

While this is less of a question than a heads up and discussion starter, I do have some questions:

1. Will this work nicely with Turbotax Premier desktop? Until we start entering the data, I don't think we can be sure.

2. I tried to find recent discussion of what will be a hot topic (IMO), the Community search did not work for me as I had hoped. Is there an advanced search where I could specify dates, or is there already a good thread where this is being discussed?

3. Do you have any additional insight on how the PTP K-3s are going to go for us?

4. Do you suspect that .txf files will be available with the K-3 info for those PTPs that offered .txf files for the K-1? I understand that it will be what it will be, but maybe somebody has some insight.

 

I have been doing the 1065 PTP K-1s in TT for a while. This K-3 thing has not been good. In retrospect, I would have just changed the box on the K-1s to say there is no K-3, and put in foreign tax info the best that I could. But at this point I have committed.  So any comments that try to be helpful are encouraged.

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1 Best answer
Level 15
Aug 25, 2022 4:58:09 PM

Try this link 

4 Replies
Level 15
Aug 25, 2022 4:58:09 PM

Try this link 

Level 4
Aug 25, 2022 5:12:02 PM

Thanks. Bookmarking that search link.

Level 4
Aug 31, 2022 12:40:03 PM

Today is the day.

I had to cause page after login to bypass the cache on one I had recently checked. I used one of the methods on https://support.bonanza.com/hc/en-us/articles/[phone number removed]-How-to-Clear-or-Bypass-your-Bro...

After that, I  got the K-3 as a seletion item after clicking the K-1 icon.

Level 4
Aug 31, 2022 8:51:02 PM

So far, I can't figure out how to put the K-3 info into Turbotax. I hope I feel more inspired tomorrow. Has anybody had success with this? In Turbotax, it seems to reference lines that don't exist anymore.