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L
Larsp808
October 17, 2021
Question

business income

  • October 17, 2021
  • 2 replies
  • 0 views

How can I enter my Business Income? I've not received any 1099s, but only a K-1.

    2 replies

    M
    Mike9241
    October 17, 2021

    if your only source of business income is a k-1 then you use one of the following worksheets to enter it based on the form number at the top of the k-1   - 1041, 1065, 1120S

    VolvoGirl
    VolvoGirl
    Employee
    October 17, 2021

    To enter a K-1 go to

    Federal Taxes Tab or Personal (Home & Business version)

    Wages and Income

    Then scroll way down 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

    Enter each k-1 separately.

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