Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Intuit
,Created with Sketch.4477 helpful votes

Where do I enter a K-1 that I received?

Schedule K-1s are issued by pass-through entities (partnerships, S corporations, estates, trusts, and LLCs). These entities don't pay income tax on the profits and losses that are "passed through" to their partners, owners, shareholders, or beneficiaries on Schedule K-1. The recipients then report the K-1 on their own personal tax returns.

Your K-1 may not arrive until March, April, or even later. This is because the pass-through entity needs to complete their tax return before they can distribute K-1s.

For TurboTax Online

If you haven't filed yet:

  1. Open your return in TurboTax.  (To do this, sign in to TurboTax and then select the Take me to my return button.)
  2. In your TurboTax program, search for K-1 and select the "Jump to" link in the search results.
  3. This will take you to the Schedules K-1 or Q screen.
  4. Answer Yes and follow the prompts. You may be prompted to upgrade to Premier, if you are using the Federal Free version of TurboTax.
  5. We’ll ask some questions about your K-1, and then you’ll enter the data from the form into TurboTax.

If you already filed your returnIf your e-filed return was already accepted or you already mailed your return in, you'll need to amend to add the K-1 to your tax return.

 

If you haven't filed yet:

  1. In your TurboTax program, search for K-1 and select the "Jump to" link in the search results.
  2. This will take you to the Schedule K-1 and Schedule Q screen.
  3. Answer Yes and follow the prompts.
  4. We’ll ask some questions about your K-1, and then you’ll enter the data from the form into TurboTax.

If you already filed your returnIf your e-filed return was already accepted or you already mailed your return in, you'll need to amend to add the K-1 to your tax return.

Related Information:

Was this helpful?

You must sign in to vote, reply, or post
Intuit TurboTax - Finish filing and get your maximum refund, guaranteed.

Ready to Try TurboTax?

Returning? Sign in