I really like the ease of using TT, however, I spent a great deal of time trying to complete Form 1065's Form K-1. The prompts are not correct, as they do not align with the IRS instructions for completing Part II, Lines E, F, H2, and I1. Please make the necessary corrections so the info will be filed correctly according to the IRS instructions for the K-1, Disregarded Entities.

I made a mistake entering Owner's Draw. I went to Forms and corrected it. TurboTax did NOT update my balance sheet. After hours of searching I finally found that I had to go back to Step-by-step and enter the value there and then the balance sheet calculated correctly.

The basics went great, it is a relatively simple return. There were 2 entries that continued to error, even though I verified the data and the necessary forms. I did not understand what was needed as it all looked correct based on the definitions. So I am printing and mailing the returns instead of e-filing adding cost.

I used mine to file a return for an S-Corp. Spent about 6 hours troubleshooting problems where I felt I had entered every number from my balance sheet, but Turbotax was coming up with different totals. Turns out, it can't add. A couple of cells that I entered data into simply weren't being added into the total, and one cell continued to add in a number that I had deleted: it wasn't even there anymore! It is helpful when it can add, but if you run into a similar problem, check the math with Excel immediately.

Spouse has used TurboTax for years, however I did the business tax return this year. I found the guided path pretty efficient to get through. I did make mistakes on a couple questions as the help text confused me. The question regarding pass-through entity reporting confused me and I made the wrong choice. Easy to fix, but it did cause some confusion as to the treatment of a NOL carry forward.

I need to use TurboTax Business (in ADDITION to Deluxe) in order to file a Complex Trust. This year I had around 130 separate 1099-B Long Term gains/losses which include date acquired, date sold, cost basis, and proceeds from sales. TurboTax Business does not support IMPORT of these numbers, despite years of customer requests to provide this. After multiple hours I typed everything in, but the rounding error on that many smaller (monthly) municipal bond fund reinvestments resulted in a number that was tens of dollars different from my 1099-B Part II figure reported to the IRS. A successful IMPORT could take the actual value and ROUND it ONCE, avoiding this error in what I e-Filed.

Please fix the Turbo tax program so I can select a qualified disability trust and have your program apply the exemption of $ 5000 that exists for qualified disability trust. I had to manually do the taxes for the qualified disability trust for which I am trustee. Your program was useless for that.

Flaw in PC Desktop Fiduciary return. Foreign dividends earned from RIC and the Foreign Tax paid reported from 1099 auto-populate into Column B of form 1116. TT looks for entries in Column A, and will not allow E-File of Federal Return until the entries are manually reassigned to column A. A simple flaw that cost me a couple of hours to troubleshoot and fix.

Overall I like TurboTax. But there are a couple of issues that could be more clear. First, In the Personal 1040 it asks you to fill in the K-1 informtion. The instructions don't say that the K-1 is generated after you complete the Federal Business, S Corp Return. And second, after I am told to e-file, I am instructed that I must also print and send in forms that I am supposed to print. The form is the "Electronic Filing Instructions for your 2024 Federal Tax Return" and it does not say where I should mail this one page form. Very confusing, please advise me on this. Thank you

When I amended a previously e-field tax return the amended file continued to carry and print the instructions for electronic filing rather than the ones for mail in filing in spite of the fact that I repeatedly checked the box indicating I intended to file by mail and the only way I could force it to provide the mail in instructions was to move to the forms mode and specifically search for the correct form. It still would not include the mail in form with my printed copy, nor could I delete that form from the file. Also, I updated the signature date for the form 1065x and updated the 1065 amended return, but the interview process never prompted me to update the signature date on the 1065. It continued to carry the date for the originally filed return and again I had to go into forms and change the date manually to be consistent with the 1065x form. Lastly, the amended 1065 return continued to carry the original attached signature form 8453 PE. I was unable to remove or replace it had I wanted to because the program would not allow me to file the amended return electronically and therefore would not reach the point in the program where I was asked to upload the sform 8453 PE.