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New Member
posted Jun 4, 2019 11:06:40 PM

My business taxes are already done, do I need to give all the info or just my k-1

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1 Replies
Expert Alumni
Jun 4, 2019 11:06:42 PM

Just the K1.

If your business reported its income and expenses on an entity tax return (1065, 1120, 1120-S), you do not duplicate that on your personal tax return. You only enter the K1.

The business section of Self-Employed is for businesses which do not file separate entity tax returns, and report directly on the Schedule C (Form 1040).