Which box, in Turbotax Self-Employed, do I put the dollar amount from line 12 of my K-1? Section 179 Deduction from 2021 or Section 179 Deduction Carryover from 2020?
03469
3 Replies
AliciaP1
Expert Alumni
Mar 20, 2022 12:25:38 PM
Can you clarify if your K-1 is from Form 1065 or Form 1120S?
season1974
Returning Member
Mar 22, 2022 9:13:49 AM
My apologies. The K-1 is from 1065.
TeresaM
Expert Alumni
Mar 22, 2022 9:42:45 AM
To enter a Form K-1 from Form 1065 in TurboTax Online:
Click on Federal on the left toolbar
Click on Wages and Income on the top
Scroll down to S-corps, Partnerships, and Trusts and select Show More
Click on Start or Revisit for Schedule K-1
It will ask you to select if it came from a Form 1065, or another form.
When you proceed it will come to a screen and ask you to check which boxes on your Form K-1
Just be sure you click box 12 and it will give a dialog box for depreciation entries.