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February 28, 2023
Question

Info from a K-1 schedule I received does not show up on tax return..

  • February 28, 2023
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1 reply

February 28, 2023

Not all information from a Schedule K-1 will necessarily populate on your tax return.

First, you might make sure that you entered your K-1 correctly.  To do this:

  1. If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Income & Expenses on the Hi, let’s keep working on your taxes! page and then select Let’s get startedPick up where you left off, or Review/Edit. 
    • Otherwise, in the left pane, select Wages & Income
  2. On the  Your income and expenses screen, scroll down and select the Edit/Add dropdown to the right of Schedule K-1
  3. Select Update to the right of the type of K-1 you previously entered
  4. On the  K-1 Summary page for that business entity type, select Edit to the right of the relevant K-1 item you previously entered
  5. Proceed through the screens, making any additions, deletions or other edits necessary

If all of your entries are correct, or you've updated as needed, there most likely isn't the need for the information on your tax return.

If this doesn't seem to fit what you're looking at, please re-post with more details about what you believe should be populating from your Schedule K-1 to your return.  Be sure to include the entity type you've received a K-1 for -- Partnership/LLC, S corporation, or estate or trust.