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Level 1

Schedule K-1 entries?

I have 2 Sch. K-1 with instructions for entries on Form 1040 (lines 8a & 9a), Sch. D (lines 5 & 12), and forms 6781 (line 1) 4952 (lines 1, 5, & 4a).  I cannot get Turbo Tax Premium to accept the entries per the instructions.  How can I get the program to accept the entries and adjust the tax calculation as appropriate? 

1 Best answer

Accepted Solutions
Level 1

Schedule K-1 entries?

Just make the entries from the K-1 and TurboTax will flow the data to the appropriate section of your return.

Enter information for the Schedule K-1, following these steps:

  1. Click on Federal > Wages & Income
  2. In the S-Corps, Partnerships, and Trusts section click on the box next to Schedule K-1.  [Screenshot #1, below.]
  3. Click Yes on the next screen, Did you receive any Schedules K-1?
  4. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the type of entity (partnership, S-corporation, or trust/estate) that issued the K-1.   [Screenshot #2]
  5. If you have already entered K-1 information, you will see a Summary screen.  Click Add Another K-1 to enter your information  (or click on Edit to continue with the existing form entry).  [Screenshot #3]
  6. If you haven't started entering K-1 information, continue through the screens, entering the requested information.


2 Replies
Level 1

Schedule K-1 entries?

Just make the entries from the K-1 and TurboTax will flow the data to the appropriate section of your return.

Enter information for the Schedule K-1, following these steps:

  1. Click on Federal > Wages & Income
  2. In the S-Corps, Partnerships, and Trusts section click on the box next to Schedule K-1.  [Screenshot #1, below.]
  3. Click Yes on the next screen, Did you receive any Schedules K-1?
  4. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to the type of entity (partnership, S-corporation, or trust/estate) that issued the K-1.   [Screenshot #2]
  5. If you have already entered K-1 information, you will see a Summary screen.  Click Add Another K-1 to enter your information  (or click on Edit to continue with the existing form entry).  [Screenshot #3]
  6. If you haven't started entering K-1 information, continue through the screens, entering the requested information.


Level 4

Schedule K-1 entries?

I have entered k-1 entries. During review I am asked to make entries for which I do not see information in Schedue K-1.