Do I need to add my partnership's K1 or do I use the "Self-employment income and expenses" option?

[trentonrerker]

In this IRS document https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf I read, "Do not file it with your tax return unless you are specifically required to do so" regarding the K-1. It's on the first page of the document under "General Instructions."

Do I not need to add this K-1 to my return? Do I just use Self-employment income and expenses? 

[AnnetteB · Accepted solution]

You do need to add the K-1 to your return.  Doing so will allow TurboTax to take the entries from the K-1 and put them in the right places on your return to report your income and deductions from the K-1.

When you read the instructions that say, "Do not file it with your tax return..." it is referring to actually attaching the paper copy of your K-1 to your Federal return and mailing it with your other tax forms if you were filing by mail. 

[trentonrerker]

Thank you!

[AnnetteB]

You're welcome!