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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 or continue your return.
  2. 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're not already using it.
  5. We’ll ask some questions about your K-1, and then you’ll enter the data from the form.

If you already filed your return

If 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.

If you already filed your return

If 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:

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