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jsook31
Level 2

how to generate(?) schedule K-1?

Hello,

I am close to the end of my s-corp federal return thanks to all your help. 

When do I receive the schedule K-1 of this s-corp tax return for my personal tax return?

Is it something will be done by turbo tax when i file the return at the end?

 

thank you!

1 Best answer

Accepted Solutions
MinhT1
Expert Alumni

how to generate(?) schedule K-1?

The shareholders' Schedules K-1 are part of the tax return of the S-Corp (form 1120-S). When you print the S-Corp's tax return, you'll find Schedules K-1 for each shareholder.

 

You then enter your Schedule K-1 on your personal tax return.

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1 Reply
MinhT1
Expert Alumni

how to generate(?) schedule K-1?

The shareholders' Schedules K-1 are part of the tax return of the S-Corp (form 1120-S). When you print the S-Corp's tax return, you'll find Schedules K-1 for each shareholder.

 

You then enter your Schedule K-1 on your personal tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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