K-1's

Forum|Forum|1 year ago
March 26, 2025
2 replies
0 views

Hello,

I have a Partnership that have multiple K-1 rolling up to it. How do I get Turbo Tax to print the multiple activities on the individuals K-1s for the partners?

Thank you,

Ron

TurboTax Business Windows

Best answer by PatriciaV

You can add specific information for multiple activities in TurboTax business as follows:

Click the Forms icon.
Find Form 1065 p5-6 in the forms list.
Click the form name to open it in the large window.
Check the boxes on Lines 1 and 2 under the dark arrow to add and "*" on Schedules K-1.
Now open each Schedule K-1 (Partner).
Scroll down below Line 23 and enter a description and amount for the details needed for each activity.

This will add a second page of "Supplemental Information" to Schedule K-1.

JohnB5677

If you are asking how to prepare K-1s for partners it would require TurboTax Business software.

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Johnsro12Author

Employee

I'm using the Business Turbo Tax, I can't get the detailed of the activities to show up as a schedule to the Partners Returns. I believe it is required to report the activities.

PatriciaVAnswer

Employee

You can add specific information for multiple activities in TurboTax business as follows:

Click the Forms icon.
Find Form 1065 p5-6 in the forms list.
Click the form name to open it in the large window.
Check the boxes on Lines 1 and 2 under the dark arrow to add and "*" on Schedules K-1.
Now open each Schedule K-1 (Partner).
Scroll down below Line 23 and enter a description and amount for the details needed for each activity.

This will add a second page of "Supplemental Information" to Schedule K-1.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

Johnsro12Author

Employee

It's frustrating because this holding GP has about 15 k-1's that roll up, but there's no way to automatically show these activities on the individual k-1 without manually inputting them?