HOW DO I FILE SCHEDULE K-1 FORM 1041 WITH MY 2024 TAX RETURN?

[Rick42355]

wHERE IS SCHEDULE K-1 IN TURBO TAX?

[M-MTax]

What do you mean? 

Schedule K-1 is your tax reporting form. You enter the information from that K-1 into your return.

The IRS already has a copy from the 1041 that was filed; you save your K-1 for your records. 

[VolvoGirl]

You need to upgrade to Online Premium or any of the Desktop programs to enter a K-1.

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S