Question

When will Schedule K-1 Box 12 Code C be ready?

Forum|Forum|2 years ago
March 12, 2024
1 reply
0 views

For about a week, the message was that it would be ready by February 28. On February 28, the message changed to "... under development and will be ready by March 6."

It is now March 12. I would like to finish and file my taxes.

PatriciaV

The IRS made significant changes in Schedule K-1 for tax year 2023, adding dozens of new codes for several boxes, including new requirements for Form 8283, Noncash Charitable Contributions, which affect Schedule K- 1 Box 12 Code C.

Our programmers have been working to implement those changes for personal returns, connecting the new codes to appropriate Form 1040 lines and forms. Form 8283 is estimated to be ready by March 20, 2024.

Because updates are released after business hours Pacific time, we recommend you wait to update your software the next day, run Review again.

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J

j5fourj

This issue is getting very frustrating. This is the only issue preventing me from filing. I pay for TT in December each year only to find out you have not finished the programing. This delay is the longest I have ever experienced. Please expedite the programming!