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April 15, 2025
Question

How to include my K1

  • April 15, 2025
  • 1 reply
  • 0 views

Hello,

I have a K1 schedule as part of an investment. How and where do I include this?

    1 reply

    April 15, 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.

     

    Please follow these directions.

     

    • 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, you tell the software which Schedule K-1 you received.
    • For several screens, you will be entering data right off the K-1 form.

     

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