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Schedule K-1 for Publicly Traded Partnership

I'm about to buy TurboTax Premier desktop for filing my tax return for 2025. I have rental properties and I have a K1 from a publicly traded partnership. I tried some free software as well as H&R Block Premium software which promised that they support K1 but it turned out that they do not fully support the publicly traded partnership K1.

I had used TurboTax last year and it had worked fine for the K1 from the same partnership. But I just want to double check and make sure that TurboTax still supports the publicly traded partnerships K1 and Premier will do the trick. The main issue is that in the other free software there is not enough space to enter all the different codes that I get for different boxes. I have an additional statement which has a bunch of additional codes for some of the boxes and those software do not have any place to add arbitrary number of codes. But last year TurboTax did have this feature. I just want to make sure that it continues to have this feature. I've already spent money on H&R Block which was a total waste.  Don't want to buy another $100 software only to find out that it doesn't support it. 

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3 Replies
ThomasM125
Employee Tax Expert

Schedule K-1 for Publicly Traded Partnership

Turbo Tax has the following codes available for a K-1 entry from a partnership:

 

- Box 11 A-S and ZZ

- Box 13 A-Z and AA-AE and ZZ

- Box 14 A-C

- Box 15 and Box 16 A-Z and AA-AZ and BA-BC and ZZ

- Box 17 A-F

- Box 18 A-C

- Box 19 A-G

- Box 20 A-Z and AA-AZ and ZZ

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Schedule K-1 for Publicly Traded Partnership

@ThomasM125 Thank you.  That's exactly what I needed.

Although you mentioned Box 20 has A-Z just want to make sure it has T, as well because Free Tax USA didn't have it for whatever reason.  Sorry don't want to spend money only to find out that I can't use it, like H&R Block.

ThomasM125
Employee Tax Expert

Schedule K-1 for Publicly Traded Partnership

Yes, there is a code "T" option for box 20 "Depletion information - oil & gas."

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