Sch K1 workst-- "ready soon" - Can't file

[SamS1]

The 1041 K1 is available in both Desktop and Online products.  The form K1 is used to report the beneficiary's share of trust or estate distributable net income. The income will retain the same character on the beneficiary's return as the income was in the trust.  If the trust or estate terminated, you can delete the K1 from TurboTax.

[CA52780]

Hi, I just checked for update (2/25, 1:50pm PST), but there have been none today. My file in Turbo Tax says the K-1 for Estates and Trusts  is "not ready"   But IRS has a ready form from a few weeks ago. What is taking TurboTax so long to get this out?  ... Still waiting (I'm using Deluxe Version from Costco, which worked last year for the K-1).

[SamS1]

That might be the issue.  I am using the Home and Business and its allowing me to enter the form.  Here is a link to the TurboTax Forms listing.  This is the online products but it indicates you need Premier to enter the Trust K1

[CA52780]

K-1 for estates and trusts was available with Deluxe last year and is supposed to be available for this version this year (per Help-line info a few weeks ago).

[SummerSunshine2026]

This is not about the K-1--it is for the K-1 WORKSHEET that is needed in order to put the info onto a 1040 tax return. People keep confusing the two situations.

[SummerSunshine2026]

This issue is for the WORKSHEET, not the Schedule K-1 form.

[Payer06]

Deluxe says it will be ready soon, so you clearly don't need another product. 

Also I have a version of the worksheet in my forms list, but it's not ready to file and there's supposed to be an update on 2/25/2021, aka today, and none is available: Federal Individual Forms Availability (intuit.com)

[Scott Frost]

I'm still waiting for this as well.  Not sure where I saw that this would be available Feb-25 but thought this would be mended today.

Not fixed as of Feb-25-2021 9:25pm EST

[tjshadb]

Not fixed at 9:40pm PST 02/25/2021 either. The worksheet existed, but if you have a value on line 11A, you have to manually go into the worksheets and insert the value on Schedule 1, line 22 because it doesn't automatically populate. That was worth $1300 to me.

[CA52780]

Update for Sch K1 came in this morning 2/26/21  -- works fine.