You'll need to sign in or create an account to connect with an expert.
That is correct.
Your IRS form 1065 US Return of Partnership Income will generate a Schedule K-1 (Form 1065).
The Schedule K-1 (Form 1065) reports business income or loss, interest, dividends and other tax attributes from the IRS form 1065 pass-through entity.
Recipients report the Schedule K-1 on their own personal tax returns. See this TurboTax Help.
Hi thank so much for the reply. My ultimate question is there an easy way to transfer all my info to the automated turbo tax personal taxes from the software? Instead of typing it all out again.
The two systems are not connected. You can transfer a prior year return in, however if just doing the one year you would need to manually enter the data. @streetstylerseve
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Al117
New Member
Mcb050032
Level 2
hfbrimmer
New Member
tsukada2006
Level 1
natalie07172
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.