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Late January at the earliest is my guess.
IRS has not even finalized it yet.
The more I know the more I don’t know.
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You need a final K-1 for tax planning? The system can't be massaged to get things roughed out?
Slava Ukraini!
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If you just can't "rough" out the numbers needed for year-end planning without a K-1, generate a "projected" one using the 2019 software.
Are you relying on the K1 data transfer option to do year-end planning?
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Just being able to see how its flowing onto a K-1 would be very helpful, so that I can confirm no checkboxes were missed.
They have the 1040 show with it watermarked "Do Not File", so I can't see why there isn't a K-1 like this.
I have a client with several layers of pass-throughs, so doing K-1's manually will be time consuming.
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This is my first year using LaCerte.
K-1 data transfer has worked ok, but the entities end in Grantor Trusts and I can't see the Grantor Letter to use to enter on the 1040.
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I think your only options are:
1) wait for release
2) re-run your scenario through 2019 software, accepting the changes in tax laws btwn years
3) draft them manually