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Returning Member
posted Feb 23, 2021 11:47:26 AM

How to report income from form 1065 (schedule k-1) in turbotax premier?

Hi,
I received a schedule K-1 (form 1065) for being a partner in multi-owner LLC firm. I cannot find an option to file this income in turbotax premier (where I am filing my W2 income). Can someone please help?

thanks
N

0 2 2791
2 Replies
Level 15
Feb 23, 2021 11:49:28 AM

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.

Returning Member
Mar 12, 2021 4:46:06 PM

Thanks a lot!