Do I need to add my investment club Schedule K-1 form 1065 to my personal Federal income tax return?

[i-m-dvhines]

Where to plug in Schedule K-1?

[VolvoGirl]

To enter a K-1 go to

Federal

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

[Mike9241]

Basic online does not support K-1s. You have to upgrade to the Premier. 

[SharonD007]

Yes, you do need to add your income from your investment club.  Follow the steps below to enter your K-1 using TurboTax Online:

1. Select Wages & Income
2. You may have to select Add more Income
3. Scroll down to S-corps, Partnerships, and Trusts
4. Select Start by Schedule K-1
5. Select Start next to the type of Schedule K-1 form you have and enter your information.

Refer to the TurboTax article Where do I enter a Schedule K-1 that I received? For more information.