Where do I post info from Form 1065? Turbo Tax changed their software vs last year. Nonsense.

Forum|Forum|7 years ago
June 1, 2019
2 replies
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TurboTax Premier Online

Anonymous

The Internal Revenue Service, as a result of the Tax Cuts and Jobs Act of 2017 changed Form 1040 and added 6 new schedules to it this year, and as a tax preparation software and service vendor, we complied.

Your question about posting information from Form 1065 is, I assume, focused on the Schedule K-1? That has not really changed much since last year, you will find the input screens beginning in the Wages & Income section of the Federal Taxes tab. Scroll to Business Items and you will see Schedules K-1, Q. Start there and follow the instructions.

If you have any other questions along the way, feel free to post a new question here in AnswerXchange. And please don't call our work nonsense; we are trying to help a lot of customers through huge tax law changes this year.

VolvoGirl

Level 15

I think it's still the same way. Are you using the Online version or Desktop program?

If you received a Schedule K-1 and need to enter it in TurboTax, using the search bar in your TurboTax program, type in k1 or k-1 (small k) and click Find. This should give you a Jump To link to go directly to it.

OR
To enter a K-1 go to
Federal on left or at top
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