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Returning Member
posted Jan 20, 2021 6:50:56 PM

Can you help me to find where I can file my 2019 K1 taxes here?

please help me find where I can file my 2019 K1

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5 Replies
Expert Alumni
Jan 21, 2021 9:40:01 AM

Schedule K-1s are issued by pass-through entities (partnerships, S corporations, estates, trusts, and LLCs). These entities don't pay income tax on the profits and losses that are "passed through" to their partners, owners, shareholders, or beneficiaries on Schedule K-1.

 

If you are the recipient of a K-1, you would report the information on your personal 1040 income tax return.

 

If you haven't filed your 2019 1040 yet:

  1. Sign in and open your return by selecting Pick up where you left off under a section.
  2. Search for K-1 and select the Jump to link at the top of 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 2019 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.

 

If you are the owner of a business and need to prepare K-1s for partners, you would use TurboTax Business to prepare the appropriate income tax return and  K1s. 

 

 

Returning Member
Feb 11, 2021 12:30:31 PM

no answer to my question i have been asking and looking for 2 weeks the 2019 1120s  S Corp. I even went all the way question and answers thinking that was where I was. thank goodness I did not press send. I dont even know at this point if it is available with turbo tax

Returning Member
Feb 11, 2021 12:34:43 PM

My accountant has been filing on a 1120s. is this available for 2019 with a K-1 included?

Level 15
Feb 11, 2021 12:37:57 PM


@charlestonblooms1 wrote:

My accountant has been filing on a 1120s. is this available for 2019 with a K-1 included?


If you are looking to complete and file an S Corp tax return, Form 1120S, for tax year 2019 you will have to use the TurboTax Business Edition.  The Business Edition can only be installed on a Windows based personal computer.

 

To complete and file a 2019 tax return using TurboTax you would need to purchase, download and install on a personal computer one of the 2019 desktop editions from this website - https://turbotax.intuit.com/personal-taxes/past-years-products/

 

A 2019 tax return can only be printed and mailed, it cannot be e-filed.

Expert Alumni
Feb 11, 2021 12:55:11 PM

Can you clarify what you are looking for or what you are trying to accomplish?   Are you trying to file a 2019 K-1 that you forgot to include on your personal tax return?   Business returns for S-corps are prepared using different software than you use to prepare your personal tax return.....The business software creates the K-1 and you enter the K-1 on your personal return.   If you need copies of something filed in 2019 for your business, the accountant that prepared your 1120S should be able to help.