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March 26, 2020
Question

I do not seem to be able to enter a K1 1065

  • March 26, 2020
  • 2 replies
  • 0 views
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    2 replies

    DoninGA
    Employee
    March 26, 2020

    To enter a Schedule K-1

    • Click on Federal Taxes (Personal using Home and Business)
    • Click on Wages and Income (Personal Income using Home and Business)
    • Click on I'll choose what I work on (if shown)
    • Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
    • On Schedule K-1, click on the start or update button

    Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1

    VolvoGirl
    Employee
    March 26, 2020

    are you using the Online version?  Which version?  You need to use Premier or Self Employed version to enter a K-1.

     

    To enter a K-1 go to

    Federal Taxes Tab or Personal (Home & Business version)

    Wages and Income

    Then scroll way down to Business items

    Schedules K-1, Q - Click the Start or Update button

     

    Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

    Enter each k-1 separately.