I need help filling out my turbotax schedule k-1 S corp portion of my business tax
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I need help filling out my turbotax schedule k-1 S corp portion of my business tax

I need help filling out forms 

1120S and my Schedule K-1 forms. I have an excel P&L/asset balance sheet, but the terms on the forms are confusing me as it asks the questions on the turbotax stage of entry.

1 Reply
Highlighted
Level 14

I need help filling out my turbotax schedule k-1 S corp portion of my business tax

If it's easier you can enter your balance sheet in Forms Mode.  To do this,

  1. In the Forms in My Return list click Form 1120S, p.3-5  The form will open in the screen on the right.
  2. Scroll down to Schedule L.
  3. To go back to the interview, click the Step-by-Step icon at the top right of the screen.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Privacy Settings