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June 30, 2020
Question

Where on the WI state form do I enter the K1 or 1041 form ?? This is money from the mother's passing left to me.

  • June 30, 2020
  • 1 reply
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Can you please tell me what section / line form 1041 or Schedule K-1 gets entered ??

1 reply

Critter
Employee
July 1, 2020

The K-1 is entered in the FEDERAL section and is carried to the state ...

 

To enter a K-1 go to 
Federal Taxes Tab ( Personal in the H&B versions )
Wages and Income
Choose Explore on my own or I'll choose what to work on  (if it comes up)
Then scroll way down to Business Items
 S-corps, Partnerships, and Trusts.  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