The IA1041 Schedule K-1 is currently missing from the PS22 IA1041 software module. The IA1041 Schedule K-1 is an integral part of the IA1041 return as it is used by each beneficiary to report amounts onto their individual income tax returns.
There are differences between the Federal 1041 Schedule K-1 and the IA1041 Schedule K-1. For example, there can be state adjustments to the amount of taxable interest and/or dividends.
What is the timetable for Intuit ProSeries {IOWA] IA1041 software module programmers to complete the IA1041 module? Is there a completion date?
Thank you for any info that you can provide!
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@The_AntiTax_Man IA1041 Schedule K-1 is planned to be supported for TY23, other IA updates took priority this year which is why it is not supported in IA for TY22.
@The_AntiTax_Man IA1041 Schedule K-1 is planned to be supported for TY23, other IA updates took priority this year which is why it is not supported in IA for TY22.
Thank you for the info @IntuitGabi . Please update this post if you learn of any new developments.
FUBAR.
Is Intuit on schedule to include the IA1041 K-1 to the 2023 Iowa 1041 module?
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