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