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March 3, 2020
Question

Beneficiary's Share of Income on form K-1 for Interest Income of $13.00

  • March 3, 2020
  • 1 reply
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What form do I use for this $13.00 interest income from Iowa on form K-1( Line 1)

(Line 5 ) Other portfolio and non-business income: 5,002.

    1 reply

    March 3, 2020

    Use these instructions to enter your K-1

    If you haven't filed yet:

    1. Open or continue your return.
    2. Search for K-1 and select the Jump to link in the search results.
    3. This will take you to the Schedules K-1 or Q screen.
    4. Answer Yes and follow the prompts. You may be prompted to upgrade to Premier, if you're not already using it.
    5. We’ll ask some questions about your K-1, and then you’ll enter the data from the form.

    If you already filed your return

    If your e-filed return was already accepted or you already mailed your return in, you'll need to amend to add the K-1 to your tax return.

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