Schedule K-1 (Form 1065)

Yes, you need to enter the information from Schedule K-1 on your personal tax return. If you're using TurboTax Online, you will need to upgrade to the Premium version to do so. Any version of TurboTax Desktop contains the K-1 entry topic.

In TurboTax Online:

1. Open or continue your return.
2. Go to K-1.
3. On the Schedules K-1 or Q page, select Yes.
4. On the Did you receive any Schedules K-1? page, select Yes.
5. Select Start next to the type of Schedule K-1 form you have, and enter your information.

In TurboTax Desktop:

1. Open TurboTax and continue your return.
2. Select Search Topics. Search for and select K-1.
3. On the Schedules K-1 and Schedule Q screen, select Yes.
4. Select Start next to the type of Schedule K-1 form you have, and enter your information.