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February 21, 2025
Question

Where in Turbo Tax do I enter the information from my 1041 K-1 form

  • February 21, 2025
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    February 23, 2025

    In TurboTax Online, follow these directions to enter IRS form 1041 K-1.

     

    • Down the left side of the screen, click on Federal.
    • Down the left side of the screen, click on Wages & Income.
    • Click the down arrow to the right of S-corps, Partnerships, and Trusts.
    • Click to the right of Schedule K-1.
    • At the screen Tell us about your Schedule K-1, click to the right of Estates or trusts (Form 1040).
    • For several screens, you will be entering data right off the K-1 form.

     

    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.

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