Get your taxes done using TurboTax

I assume you are asking what boxes on your K-1 impact your income tax liability on your Personal return Form 1040.

Schedule K-1s are a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts and LLCs.

Recipients report the K-1 on their own personal tax returns

 All income/expenses on your  K-1 Part 111 should be entered on your Form 1040 and will flow to Schedule E.

1. Sign in to TurboTaxliability
2. Open or continue your return
3. Select Search, enter K-1, and select Jump to K-1
   1. If the Jump to link doesn’t work, select Federal, then under S-corps, Partnerships, and Trusts, select Wages & Income
   2. Select Revisit or Start next to Schedule K-1
4. Answer Yes to Do you want to review Schedules K-1 or Q? and follow the prompts
5. We’ll ask some questions about your K-1, and then you’ll enter the data from the form

Or click on link below if using TTD

TurboTax CD/Download

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