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New Member
posted Jun 4, 2019 6:13:54 PM

How is schedule K-1 generated from form 1120S?

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1 Replies
Intuit Alumni
Jun 4, 2019 6:13:55 PM

If you are referring to how to generate a schedule K-1 from a S-corporation, you would need to use TurboTax Business desktop edition to do that. 

https://turbotax.intuit.com/small-business-taxes/


If you are a shareholder of a S-corporation and receive a schedule K-1, you would need to enter it to your TurboTax Premier edition.  Here are the steps:

After sign into your account, select Take me to my return,

At the right upper corner, in the search box, type in schedule k-1, s corporations

Select Jump to schedule k-1, s corporations

On the screen, Did you receive any Schedules K-1?  select Yes to continue