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Level 3
January 28, 2025
Solved

Anyone else having issues with Federal K-1's not being ready for filing?

  • January 28, 2025
  • 3 replies
  • 27 views

Last week, I completed the returns for two S-corporations and sent the Federal and State K-1's out to all the shareholders.  One shareholder told me that he is using TurboTax for his personal return and when he tried to enter his K-1's he received from me, the software is telling him that the K-1's have not been approved for filing yet.  I had no issues on my end and saw nothing indicating that they weren't ready for filing.  He said that he has run the update feature on his TurboTax, but it still won't let him enter the K-1's.  He's asking if it's my fault.  I don't think so, but don't know what else to tell him.  Anyone else have any ideas?  Thanks.

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Best answer by IRonMaN

Tell him you did everything absolutely perfectly.  Turdddotttax is like ProSeries on the 1040 side of things, the form won't be ready to go until Thursday.

3 replies

IRonMaN
IRonMaNAnswer
Level 15
January 28, 2025

Tell him you did everything absolutely perfectly.  Turdddotttax is like ProSeries on the 1040 side of things, the form won't be ready to go until Thursday.

Slava Ukraini!
SSLewisAuthor
Level 3
February 1, 2025

IRonMaN, thanks for your reply and help.  And you were exactly correct....it was ready to go on the TT side this past Thursday.

IRonMaN
Level 15
February 1, 2025

You betcha!

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
January 28, 2025

"TurboTax, but it still won't let him enter the K-1's"

Not a YOU problem, or any of your business to be frank.    He needs to call TT support and see when TT will be ready for it.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
abctax55
Level 15
January 28, 2025

Wow... talk about a clueless individual as well as an 'entitled' one.

SMH

HumanKind... Be Both
IRonMaN
Level 15
January 28, 2025

I am not clueless!  Or were you talking about the K-1 recipient? Give me a minute or two to figure this out, I appear to be somewhat clueless at the moment 🤔 🤔

Slava Ukraini!
SSLewisAuthor
Level 3
January 28, 2025

I was talking about the K-1 recipient.  According to TurboTax, that section is supposed to be able to accept K-1 information beginning February 1st.  He (the shareholder) just needs to cool his jets for a few days.