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What version of turbo tax will work with K1 from blackstone?

Forum|Forum|8 years ago
April 7, 2018
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Hi all, wondering if anyone have experience with blackstone (BX)? What version of turbotax will work and if you can let me know the procedure you took would be great! thanks.

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Best answer by LindaA

You may use TurboTax Premier Online, TurboTax Self-Employed, or a TurboTax CD/Download software product to enter information from a Schedule K-1. However, please note that if the Schedule K-1 (Form 1065) indicates that the partner is an IRA or another retirement plan you do not need to report it on your tax return.

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LindaAAnswer

You may use TurboTax Premier Online, TurboTax Self-Employed, or a TurboTax CD/Download software product to enter information from a Schedule K-1. However, please note that if the Schedule K-1 (Form 1065) indicates that the partner is an IRA or another retirement plan you do not need to report it on your tax return.

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simplitia1Author

thank you.

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honeycombe8

My understanding is that you can import the k-1 files into the software/download TT versions, but not in the online version. You have to enter manually in the online version. Also be aware that k-1s sometimes leave fields blank when they don't apply. Turbotax requires a "0" be entered in some of those fields, in case you run across that issue (which I did). I didn't find an answer to the error anywhere, but found it out when I had paid for online consultation, so was able to call in to find out the problem.