See below for details on Form 1065 and how to make adjustments. If you received an error message, it will let you make the necessary corrections to file correctly. Hope the below information Helps!..
I assume you received Form 1065 Schedule K-1 to add to your Return. First of all you need to upgrade to Premier to enter a K-1. Just make sure all entries that you are adding to your return are exact as what is on the 1065 Form.
If you received a Schedule K-1 and need to enter it in TurboTax, using the search bar in your TurboTax program, type in k1 or k-1 (small k) and click Find. This should give you a Jump To link to go directly to it.
OR
To enter a K-1 go to
Federal Taxes Tab
Wages and Income
Choose Jump to Full List -or I'll choose what I work on
Then scroll way down to Business Items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
Enter each k-1 separately.
Once the information is corrected it will allow you to File Successfully. You can E-file or, if you wish, you can Print the completed Return and Mail it in. It will print up the full Mailing Instructions for you.
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