Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 12, 2021 3:47:42 PM

How do I input a Form 1041 Schedule K1 in my personal Turbo Tax tax return?

0 3 431
1 Best answer
Level 15
Apr 12, 2021 3:49:31 PM

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

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

 

3 Replies
Level 15
Apr 12, 2021 3:49:31 PM

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

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

 

New Member
Apr 15, 2021 9:10:23 AM

Worked great. Thanks. 

Level 3
Feb 17, 2024 4:48:06 PM

You don't. Says software is not ready.