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Have TT Home & Bus 2023. When will limited partnership personal income be ready to input?

Forum|Forum|2 years ago
February 12, 2024
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Clarification: I have the desktop version above

TurboTax Live Basic Online

Best answer by Rick19744

If you are referring to when TT input forms will be available, it appears that the date will be 2-21-2024.

All software vendors need to have their software approved by the IRS, and as a result, that just takes time.

If you are referring to when the partnership will issue your K-1, that varies by partnership.

The partnership return is not due until 3-15 and some partnerships even extend their returns, meaning that K-1's will not be available until a later date.

T

TomD8

The partnership should furnish you with a Schedule K-1 (Form 1065). Enter your Schedule K-1 in the Business Income and Estate/Trust Income section of Personal Income.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Rick19744Answer

If you are referring to when TT input forms will be available, it appears that the date will be 2-21-2024.

All software vendors need to have their software approved by the IRS, and as a result, that just takes time.

If you are referring to when the partnership will issue your K-1, that varies by partnership.

The partnership return is not due until 3-15 and some partnerships even extend their returns, meaning that K-1's will not be available until a later date.

*A reminder that posts in a forum such as this do not constitute tax advice.Also keep in mind the date of replies, as tax law changes.

A

AINSCPAuthor

Thank you. Yes, have the K-1 form....just can't input into TT income section yet as it says its not ready. TY should provide an estimated time for this to be ready in that section. Your response was what I needed to know. Appreciate the reply and info....:))

PatriciaV

According to the Forms Availability Table, Schedule K-1 will be ready for input on February 21, 2024. We recommend that you wait until the next day to update TurboTax (if using the desktop version) then retry the K-1 entries.

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