No, you just need to enter your K-1 with the information shown on the Schedule. To enter your K-1 in TurboTax Online please follow these steps: Sign in and open your return by selecting Pick up where you left off under a section. Search for K-1 and select the Jump to link at the top of the search results. This will take you to the Schedules K-1 or Q screen. Answer Yes and follow the prompts.

Question

Do I enter expenses on my form 1040 if they have already been deducted on my 1065?

Forum|Forum|4 years ago
April 16, 2022
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TurboTax Self Employed Online

AliciaP1

No, you just need to enter your K-1 with the information shown on the Schedule.

To enter your K-1 in TurboTax Online please follow these steps:

Sign in and open your return by selecting Pick up where you left off under a section.
Search for K-1 and select the Jump to link at the top of the search results.
This will take you to the Schedules K-1 or Q screen.
Answer Yes and follow the prompts.