TurboTax Deluxe: best price?

Posted by Bob L on December 5, 2008, 8:14 pm

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> Hi, Bob.

> I've been out of practice for over a decade, but so far as I know, having

> income on a K-1 from a partnership is no barrier to e-filing. Is it?

> Or did you mean that you want to e-file the partnership's return, Form

> 1065? There has never been a requirement to attach the K-1 to the

> individual partner's Form 1040. All that is needed is the data from the

> K-1, and that can be entered on Schedule E of the 1040, just like so many

> other forms of income.

> Are you SURE you can't e-file?

I've had the limited partnership for a long time and every time I've looked
into e-filing using TurboTax, it was clear that those filing a K1 form
couldn't e-file. Maybe it's changed for this year.

Posted by R. C. White on December 6, 2008, 8:49 am

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Hi, Bob.

> every time I've looked into e-filing using TurboTax, it was clear that

> those filing a K1 form couldn't e-file.

Could you please tell us where you found that when you looked? Was it in
Intuit documentation, or something from the IRS, or from some news story or
other third-party comment? I haven't found a specific instruction, one way
or the other, for 2008. Have you?

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Running Windows Live Mail 2008 0908 in Win7 x64 6801)

>> Hi, Bob.

>> I've been out of practice for over a decade, but so far as I know, having

>> income on a K-1 from a partnership is no barrier to e-filing. Is it?

>> Or did you mean that you want to e-file the partnership's return, Form

>> 1065? There has never been a requirement to attach the K-1 to the

>> individual partner's Form 1040. All that is needed is the data from the

>> K-1, and that can be entered on Schedule E of the 1040, just like so many

>> other forms of income.

>> Are you SURE you can't e-file?

> I've had the limited partnership for a long time and every time I've

> looked into e-filing using TurboTax, it was clear that those filing a K1

> form couldn't e-file. Maybe it's changed for this year.

Posted by Bob L on December 6, 2008, 10:32 am

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I'm pretty sure I found it in TurboTax last year but when I opened TT07
yesterday, I could'nt find anything. I also tried the IRS website but I
couldn't find anything specific there either. I'll keep looking and if I
find anything definitive, I'll post it hear.

> Hi, Bob.

>> every time I've looked into e-filing using TurboTax, it was clear that

>> those filing a K1 form couldn't e-file.

> Could you please tell us where you found that when you looked? Was it in

> Intuit documentation, or something from the IRS, or from some news story

> or other third-party comment? I haven't found a specific instruction, one

> way or the other, for 2008. Have you?

> RC

> --

> R. C. White, CPA

> San Marcos, TX

> (Retired. No longer licensed to practice public accounting.)

> rc@grandecom.net

> Microsoft Windows MVP

> (Running Windows Live Mail 2008 0908 in Win7 x64 6801)

>>> Hi, Bob.

>>>

>>> I've been out of practice for over a decade, but so far as I know,

>>> having income on a K-1 from a partnership is no barrier to e-filing. Is

>>> it?

>>>

>>> Or did you mean that you want to e-file the partnership's return, Form

>>> 1065? There has never been a requirement to attach the K-1 to the

>>> individual partner's Form 1040. All that is needed is the data from the

>>> K-1, and that can be entered on Schedule E of the 1040, just like so

>>> many other forms of income.

>>>

>>> Are you SURE you can't e-file?

>>>

>> I've had the limited partnership for a long time and every time I've

>> looked into e-filing using TurboTax, it was clear that those filing a K1

>> form couldn't e-file. Maybe it's changed for this year.

Posted by JM on December 6, 2008, 11:35 am

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> Hi, Bob.

> > every time I've looked into e-filing using TurboTax, it was clear that

> > those filing a K1 form couldn't e-file.

> Could you please tell us where you found that when you looked? =A0Was it =

> Intuit documentation, or something from the IRS, or from some news story =

> other third-party comment? =A0I haven't found a specific instruction, one=

way

> or the other, for 2008. =A0Have you?

> RC

> --

> R. C. White, CPA

> San Marcos, TX

> (Retired. =A0No longer licensed to practice public accounting.)

> r...@grandecom.net

> Microsoft Windows MVP

> (Running Windows Live Mail 2008 0908 in Win7 x64 6801)

> >> Hi, Bob.

> >> I've been out of practice for over a decade, but so far as I know, hav=

ing

> >> income on a K-1 from a partnership is no barrier to e-filing. =A0Is it=

> >> Or did you mean that you want to e-file the partnership's return, Form

> >> 1065? There has never been a requirement to attach the K-1 to the

> >> individual partner's Form 1040. =A0All that is needed is the data from=

the

> >> K-1, and that can be entered on Schedule E of the 1040, just like so m=

any

> >> other forms of income.

> >> Are you SURE you can't e-file?

> > I've had the limited partnership for a long time and every time I've

> > looked into e-filing using TurboTax, it was clear that those filing a K=

> > form couldn't e-file. =A0Maybe it's changed for this year.- Hide quoted=

text -

> - Show quoted text -

Hi RC/Bob

Believe I encounted what Bob is descriibing in TY2004. Held shares of
Kinder Morgan Energy Parteners, LP and received K-1 from them.
Completed TTax and elected to eFile [as usual]. As best I can recall,
TTax presented a popup at that point that effectively stated that I
was not eligible for eFile due to inclusion of a particular form
associated with reporting the K-1 info - can not recall what the
particular form # was.

Do recall being quite annoyed and even gave very brief thought to
deleting the offending form - it didn't seem to be particularly
significant and would have been to my disadvantage to delete it -
would have cost me a few bucks in added tax. But thought better of
that approach and cranked up the printer for that year :<(

Don't have my TY2004 info redily avaiable so can not give you the
offending form #.

Posted by Ernie Klein on December 4, 2008, 6:47 pm

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> > Nope. As we are learning on this group, the moderated tax group, amazon

> > tax forums, and turbotax forums that is correct. TT deluxe (list

> > $59.95) includes one (1) free federal filing (either e-fileing *or*

> > paper filing) - state e-filing is extra (state paper filing is free -

> > for the *1st* return).

> >

> > Each additional return requires a payment of $9.95 in order to repeat

> > the above for the additional return.

> Wow! I only do one return but I'm unable to E-file due to a limited

> partnership requiring a K1 so this new pricing structure only costs me more

> money.

I think you misunderstood - if you only do 1 return then there is no
additional charge at all. You can either e-file or print for paper
filing as many tiles as you like for _that_ return. You are only
charged extra of additional returns for a _different_ person.

--
-Ernie-