I received two K1 forms to file my tax return. What category tab should I use?

[JamesG1]

There are three different kinds of K-1’s that can be entered into TurboTax software.

• Partnerships/LLCs (form 1065)
• S corporations (form 1120S)
• Estates and trusts (form 1041)

You should be able to read the top of the form and determine which K-1 that you will be entering.

In TurboTax Desktop, follow these directions.

• Across the top of the screen, click on Federal Taxes.
• Across the top of the screen, click on Wages & Income.
• Select I'll choose what I work on.
• Scroll down to Business Items.
• Click to the right of Schedule K-1.
• At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
• For several screens, you will be entering data right off the K-1 form.