Issuing a K-1 from Turboxtax for Business 2021

[rbsorensen]

I need to issue a K-1 to a shareholder from an LLC and have Turboxtax for Business 2021 (as well as for 2022).

There is a community posting indicating that you can do this from the "Distribute K-1" button under the File tab on Turbotax Business.  However, there is no "Distribute K-1" button.  So how do I produce these?

[HelenC12]

You'll need to set up your shareholders in TurboTax Business and then complete your business return so the information flows to your shareholders. Once you complete that, you'll have created the Shareholder K-1's and you'll be able to issue (distribute) them to your shareholders. 

 To issue K-1s to your partners, shareholders, or beneficiaries:

1. Open your return in TurboTax Business
2. Complete your business return, if you haven't already done so (otherwise, your K-1s won't be correct)
3. Select the File tab (next to State Taxes) and then select Distribute K-1s
4. Select your preferred distribution format (Save as PDF for email or Print for regular mail) and follow the instructions

Related Information:

• Where do I enter a K-1 that I received?
• What is a Schedule K-1?

[rbsorensen]

Where in Turbotax Business do I set up shareholders?

The business info section only ask for the number of shareholders and not any information about them.

[AbrahamT]

See here

Under partner/member information-See here

[rbsorensen]

Thanks - I got it