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If you're trying to enter a K-1 (1120-S) and are using the online version of TurboTax Deluxe, you will need to upgrade to TurboTax Premium.
To enter a Schedule K-1
Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button
Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1
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