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golfdw
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How do I report The information on Schedule K-1 (form 1041), Beneficiary's Share of Income, Deductions, Credits, etc

 
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How do I report The information on Schedule K-1 (form 1041), Beneficiary's Share of Income, Deductions, Credits, etc

To enter a Schedule K-1

Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button

How do I report The information on Schedule K-1 (form 1041), Beneficiary's Share of Income, Deductions, Credits, etc

You need to use Premier 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 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

Enter each k-1 separately.

 

 

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