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April 2, 2024
Question

Schedule K-1 is not showing up

  • April 2, 2024
  • 2 replies
  • 0 views
I'm using the lowest level of Turbo Tax and I am unable to enter details anywhere for my schedule K-1

2 replies

Employee
April 2, 2024

You'll need to upgrade to Premium to enter a K-1 or you can use any desktop version of TurboTax.

March 23, 2025

I am using Desktop Home and business.  I went in and entered it on the forms also.  It  shows last years k1information but nothing for this year.

 

March 24, 2025

There are three different kinds of K-1’s that can be entered into TurboTax software.

 

  • Partnerships/LLCs (form 1065)
  • S corporations (form 1120S)
  • Estates and trusts (form 1041)

You should be able to read the top of the form and determine which K-1 that you will be entering.

 

In TurboTax Desktop Home & Business, follow these directions.

 

  • Across the top of the screen, click on Personal.
  • Across the top of the screen, click on Personal Income.
  • Select I'll choose what I work on.
  • Scroll down to Business Investment and Estate/Trust Income.
  • Click to the right of Schedule K-1.
  • At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
  • For several screens, you will be entering data right off the K-1 form.

@grandmama24 

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April 2, 2024

TurboTax Online Premium is required to report any of the Schedule K-1 incomes.

 

See this comparison of the TurboTax Online versions.

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