Returning Member

posted Jun 3, 2019 4:31:30 PM

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.

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1 Replies

Intuit Alumni

Jun 3, 2019 4:31:32 PM

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

In the Forms in My Return list click Form 1120S, p.3-5 The form will open in the screen on the right.
Scroll down to Schedule L.
To go back to the interview, click the Step-by-Step icon at the top right of the screen.

TurboTax Business Windows