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mccannsas
New Member

Where in TurboTax does one report partnership income?

 
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2 Replies
Vanessa A
Expert Alumni

Where in TurboTax does one report partnership income?

You should have received a K-1 from your partnership.  You can report it by entering K-1 in the search bar and hitting Jump To or by taking the following steps

  1. Income
  2. Scroll to Business Investment and Estate/Trust income
  3. Start next to Schedule K-1
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Where in TurboTax does one report partnership income?

You should get. K-1 to enter into your personal return.   Or are you filling out the partnership return?

 

For your personal return you need to use the Online Premium version to enter a K-1.   Or any if the Desktop programs.

 

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Scroll down to S-corps, Partnerships, and Trusts or to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

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