how to generate(?) schedule K-1?

[jsook31]

Hello,

I am close to the end of my s-corp federal return thanks to all your help. 

When do I receive the schedule K-1 of this s-corp tax return for my personal tax return?

Is it something will be done by turbo tax when i file the return at the end?

thank you!

[MinhT1 · Accepted solution]

The shareholders' Schedules K-1 are part of the tax return of the S-Corp (form 1120-S). When you print the S-Corp's tax return, you'll find Schedules K-1 for each shareholder.

You then enter your Schedule K-1 on your personal tax return.