Is Schedule K the same as Schedule K-1?

[Anonymous_ · Accepted solution]

Is Schedule K the same as Schedule K-1?

Not really.

Schedule K-1can be issued by a trust, estate (1041). an S corporation, or a multi-member LLC/partnership.

Schedule K is part of the returns for corporations (Forms 1120 and 1120-S) and multi-member LLCs/partnerships (Form 1065).

[MIKEYP12]

I can't find a place on Turbo Tax deluxe to enter my k-1 information. I can only see sch K

[DoninGA]

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@MIKEYP12 wrote:

I can't find a place on Turbo Tax deluxe to enter my k-1 information. I can only see sch K

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To enter a Schedule K-1

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
On Schedule K-1, Q, click on the start or update button