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bglen06
New Member

My k1 is delaying my filing. Will turbotax automatically file my returns when the issue is solved or will I have to manually log in and file? This is our second delay.

 
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4 Replies
HelenC12
Expert Alumni

My k1 is delaying my filing. Will turbotax automatically file my returns when the issue is solved or will I have to manually log in and file? This is our second delay.

Your will have to manually log in and file your tax return. 

  • Schedule K-1s are issued by pass-through entities (partnerships, S corporations, estates, trusts, and LLCs). These entities don't pay income tax on the profits and losses that are "passed through" to their partners, owners, shareholders, or beneficiaries on Schedule K-1. The recipients then report the K-1 on their own personal tax returns.
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bglen06
New Member

My k1 is delaying my filing. Will turbotax automatically file my returns when the issue is solved or will I have to manually log in and file? This is our second delay.

Thank you so much for your reply. So it’s common for TurboTax or the irs to delay k1s and prevent early filings? 

AnnetteB6
Employee Tax Expert

My k1 is delaying my filing. Will turbotax automatically file my returns when the issue is solved or will I have to manually log in and file? This is our second delay.

Yes, it is common.

 

The entities such as partnerships or corporations that issue K-1s have different deadlines for filing their returns and providing K-1s to their partners or shareholders.  They are not required to issue those to you by January 31st like your employer or other financial institutions.  

 

@bglen06

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My k1 is delaying my filing. Will turbotax automatically file my returns when the issue is solved or will I have to manually log in and file? This is our second delay.

lso you'll need to import or enter the k-1 that too will not be automatic. 

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