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April 4, 2025
Question

Where in TurboTax does one report partnership income?

  • April 4, 2025
  • 2 replies
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    2 replies

    April 4, 2025

    You should have received a K-1 from your partnership.  You can report it by entering K-1 in the search bar and hitting Jump To or by taking the following steps

    1. Income
    2. Scroll to Business Investment and Estate/Trust income
    3. Start next to Schedule K-1
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    VolvoGirl
    Employee
    April 4, 2025

    You should get. K-1 to enter into your personal return.   Or are you filling out the partnership return?

     

    For your personal return you need to use the Online Premium version to enter a K-1.   Or any if the Desktop programs.

     

    To enter a K-1 go to

    Federal Taxes Tab or Personal (Home & Business version)

    Wages and Income

    Scroll down to S-corps, Partnerships, and Trusts or 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