Entering business income. There is a section called "Items you can skip" that say K-1s received. Do I need to enter K1 amount received by share holders from last year?

atchuta-penmatsa · ‎March 8, 2025

PatriciaV · ‎March 12, 2025

No. The "K-1s received" topic refers to investments of the S-Corp in other companies. A better description would be "K-1s received from outside investments."

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PatriciaV · ‎March 12, 2025

No. The "K-1s received" topic refers to investments of the S-Corp in other companies. A better description would be "K-1s received from outside investments."

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Entering business income. There is a section called "Items you can skip" that say K-1s received. Do I need to enter K1 amount received by share holders from last year?