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April 9, 2023
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I'm searching for K-1 to enter the info in my return. All A search does is pull up instructions, but I haven't found where to enter the info yet. Am I missing something?

  • April 9, 2023
  • 2 replies
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Best answer by Anonymous_

If you are using the online version of TurboTax Deluxe, you will have to update to Premier in order to enter information from a K-1.

2 replies

Employee
April 9, 2023

If you are using the online version of TurboTax Deluxe, you will have to update to Premier in order to enter information from a K-1.

hbl3973
Employee
April 9, 2023

rcw4320,

 

Some bad news and some possibly good news. 

 

Bad news:  Online Deluxe does not include K-1 input.  You need Premier to enter them.

 

Possible good news:  The instructions for your K-1 will very likely tell you which tax form each number goes into, if at all.  You are perfectly all right entering things like interest, dividends, capital gains and the  like under their regular TurboTax categories if you feel confident you can translate the entry form with the appropriate income or deduction category.

 

BTW, with K-1's there are multiple types.  There is a K-1(1041) for distribution of income by an estate.  There is a K-1(1065) for distributions from partnerships, S-corps and the like.  Generally they have similar entries, though the latter have more complexity at times.