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April 9, 2022
Question

Where do I file Schedule K1 after already filing?

  • April 9, 2022
  • 2 replies
  • 0 views

So I filed my tax return a while ago but I recently received a Schedule K1 for a partnership I'm a part of. I know how to amend my tax return but for the life of me I have no clue where to enter the K1 information. I looked up a tutorial and it tells me to file it under a S-corps-partnerships and trust section but its not showing up for me.

 

I'm running out of time and this is really stressing me out, any help with this would be greatly appreciated.

2 replies

VolvoGirl
Employee
April 9, 2022

You need the Online Premiere version to enter a K-1.

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

 

 

April 9, 2022

Thank you for the response but now I can't find where to upgrade to Premier. I'm looking all over the Turbotax page and I can't find the link to upgrade.

April 16, 2022

Please follow the instructions here to upgrade the version of Turbo Tax you are using. @Thisisfrustrating2022

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April 9, 2022

After starting the amendment process, 

  1. In the search box, type schedule k-1 and select the Jump to link at the top of the search results
  2. Select Yes on the top screen below
  3. Double-check to make sure it is a Schedule K-1 issued by a partnership (1065).

 

@Thisisfrustrating2022

 

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