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How do I enter a K1 for a business in which I am an inactive partner?

 
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1 Reply
ThomasM125
Expert Alumni

How do I enter a K1 for a business in which I am an inactive partner?

You enter your schedule K-1 in the Business Investments and Estate/Trust Income section, then Schedule K-1. Indicate that you are a limited partner on the screen that says Choose the type of partner. Work through that section to enter your K-1 information.

 

 

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