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When will the 1065 Partner Basis Statements be finalized?

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The partner basis statements have a red note stating "NOTE FOR TY23: The partner basis is in the process of being updated for tax year 2023. As such, amounts shown on this screen cannot be relied upon until development is complete". When will development be complete for this statement?

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Answer

Our pleasure to get you back to your workflow, @Michelle7 @AP5 @Lookingforhelp.

Stay tuned with ProSeries News and Updates and the Hot topics page for more related to ProSeries. Happy filing, all!

@Michelle7 Did a message on this thread answer your original question? Select "Accept as solution" to mark this thread as resolved.

Just-Lisa-Now-

Intuit Community Champion

Its not in the list of forms in the schedule, so I'm not sure when it will be ready.

Have you looked at it? Are the numbers landing where they should?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

M

Michelle7Author

Level 4

I didn't see it in the list of forms still to be updated either. It looks like the statement is calculating correctly but I am afraid some partners will notice the note and start calling asking if we will be sending updated statements.

Just-Lisa-Now-

Intuit Community Champion

@1569 do you have any information on this finalization date?

Its not in the list of forms like the others where we can watch for the finalizing.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

W

Wanda1

Level 2

Please advise when an update will be available or remove the red note.

M

Michelle7Author

Level 4

I called Proseries and made them aware of this.

K

kst843

Level 4

I called 2 weeks ago and was told it would be ready 2/14. However, the person I spoke to did not seem to understand what I was asking.

J

JeromeLeventhal

Level 4

I am on the phone with ProSeries and I am being told that it will take another two weeks to solve this issue. That brings us to March 1st. Only 15 days before the due date. This is not fair to all of the hard-working accountants who rely on Intuit.

Just-Lisa-Now-

Intuit Community Champion

If the numbers are accurate, Id go ahead and give them to those that need it prior to the form being finalized, let them know the situation and that you've confirmed the figures to be accurate.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

J

JeromeLeventhal

Level 4

Lisa - Thank you for the very good practical advice. However, this is basic functionality of the program, and we should not need to spend time explaining to clients why they should ignore a big red warning. Proseries should have fixed this a long time ago. They should fix it immediately.

J

JeromeLeventhal

Level 4

FYI...There appears to be a software update that was just sent out that has resolved this issue. Good luck to all for a successful tax season!

A

Anonymous

It looks like this was resolved in a recent release. Make sure your software is up to date.
Let me know on this thread if you continue to see this message and we can investigate further-Here's a help article: How to update ProSeries software

M

Michelle7Author

Level 4

All good on my end. Thanks for your help!

A

Anonymous

Answer

Our pleasure to get you back to your workflow, @Michelle7 @AP5 @Lookingforhelp.

Stay tuned with ProSeries News and Updates and the Hot topics page for more related to ProSeries. Happy filing, all!

@Michelle7 Did a message on this thread answer your original question? Select "Accept as solution" to mark this thread as resolved.

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