570558
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

lennys123
New Member

My accountant files a business return every year. I get K1. Do I need to file schedule C or just k1

My accountant files a business return every year for my S corp.. My wife and I get K1s. Do I need to file schedule C or just enter the K1s. Right now my return has both. Seems schedule C came over from last year but after reviewing it it doesn't seem like I need it. The K1s from last year also came over to review which I know must be included.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
AnnetteB
Intuit Alumni

My accountant files a business return every year. I get K1. Do I need to file schedule C or just k1

You only need to enter the K-1s for you and your spouse to report your S-Corp income and expenses as part of your personal tax return.

Unless you had an additional sole proprietorship, there should not be a Schedule C included as part of your personal return. 


View solution in original post

1 Reply
AnnetteB
Intuit Alumni

My accountant files a business return every year. I get K1. Do I need to file schedule C or just k1

You only need to enter the K-1s for you and your spouse to report your S-Corp income and expenses as part of your personal tax return.

Unless you had an additional sole proprietorship, there should not be a Schedule C included as part of your personal return. 


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question