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carol98
New Member

Do I need to file a K-1 (1041) with the IRS? If so, where?

I know it's somewhere in income but not sure where in TurboTax to put it.
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1 Reply
MinhT1
Expert Alumni

Do I need to file a K-1 (1041) with the IRS? If so, where?

If you receive a Schedule K-1 Form 1041, you need to  enter it on your tax return.

 

This is how you enter your Schedule K-1:

 

  1. In TurboTax Online, open your return
  2. Click on Search (magnifying glass icon) at the top right of your screen
  3. In the Search box, enter K-1 and click on the magnifying glass icon
  4. In the search result box, click on Jump to K-1
  5. TurboTax will take you directly to the section where you can start entering your Schedule K-1.
  6. Click Start next to Estates or Trusts (Form 1041)
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