Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 5:32:52 PM

I am part of an Investment club that is a LLC. It is not my primary source of income. How do I file my K1?

0 1 745
1 Best answer
New Member
Jun 5, 2019 5:32:53 PM

If you received a K-1 for your multi-member LLC, you'll enter that in TurboTax by clicking on the Federal Taxes tab, then Wages & Income, then scroll down to Other Business Situations and select Schedules K-1, Q.  Then follow the prompts.

1 Replies
New Member
Jun 5, 2019 5:32:53 PM

If you received a K-1 for your multi-member LLC, you'll enter that in TurboTax by clicking on the Federal Taxes tab, then Wages & Income, then scroll down to Other Business Situations and select Schedules K-1, Q.  Then follow the prompts.