I received a schedule k-1 form 1041 as a beneficiary. How do I file this on Turbo tax online? I am not finding any options

Schedule K-1 is a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts, and LLCs.

 

Your Schedule K-1 may not arrive until March, April, or even later. This is because the pass-through entity needs to complete their tax return before they can distribute K-1s.

 

Recipients report the Schedule K-1 on their own personal tax returns. To enter your K-1 information, select your version of TurboTax and follow the instructions provided:

TurboTax Online

TurboTax CD/Download

If you are in the Online version you need to upgrade to the Premier version to enter K-1.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.