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Level 2
March 18, 2021
Question

After entering my k-1 info in s-corps, partnerships, and trusts, t he k-1 does not show up under Income. Do I have to enter it again under Income?

  • March 18, 2021
  • 3 replies
  • 23 views
k-1 form 1041 does not show in income after entering information in box s-corps, partnerships, and trusts?

3 replies

Level 15
March 18, 2021

TurboTax distributes the information you enter from your K-1 throughout the various forms and schedules in your return; the summary typically shows a zero as a result.

sphscoachAuthor
Level 2
March 18, 2021

Do I need to enter it again under Income? Thanks for your help.

Level 15
March 18, 2021

@sphscoach wrote:

Do I need to enter it again under Income? Thanks for your help.


No, just enter it once in the K-1 section.