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jutzh
New Member

How to report my schedule K-1 (form 1120S) I have 60% ownership, and an ordinary business income loss of $1,197?

 
1 Reply
WillK
Level 9

How to report my schedule K-1 (form 1120S) I have 60% ownership, and an ordinary business income loss of $1,197?

Turbo Tax makes it easy for you to file Schedule K-1 using Turbo Tax Premier. When you are in the program, on the left hand side of the screen:

1. Click Tax Tools

2. Click Tools

3. Click Search

4. Enter in K-1 and follow the prompts. The program will walk you through what information from the K-1 goes where. 

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