This form relates to Item 13K on individuals' K-1's - excess business interest expense. Many of my larger individual clients who invest in multiple high level investment partnerships, have this as a pass through item from the partnership. The form is NOT available in ProSeries Professional. How embarrassing is it to tell the client they have to paper file as my software doesn't support one of the forms needed. It makes them think of me (and the software I use) as been 'small time'. I know this is a relatively 'new' form, but - at least for a partner in an investment partnership - there are not many items which are required to be completed. Even if you make it a totally manually entered form, please include it for 2020 returns.
Totally agree, when will this form be supported by ProSeries. It has been 3 years now, let's get with the program.
Anonymous
06-29-202202:17 PM
06-29-202202:17 PM
Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.
Agree with the comments that Proseries Professional lacks the forms a professional needs to prepare and e-file returns. They are too busy adding bull**bleep** to the software instead of adding all required forms.
I have told they for years since they request feedback, but they do noting. Its a shame.
