There are three different kinds of K-1’s that can be entered into TurboTax software.
- Partnerships/LLCs (form 1065)
- S corporations (form 1120S)
- Estates and trusts (form 1040)
You should be able to read the top of the form and determine which K-1 that you will be entering.
Please follow these directions.
- Down the left side of the screen, click on Federal.
- Across the top of the screen, click on Income & expenses.
- Under Your income and expenses, scroll down to Schedule K-1 and click Edit/Add to the right.
- At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
- For several screens, you will be entering data right off the K-1 form.
At some point, you may have questions about Section 199A income.
Not knowing what kind of K-1 you are entering, please refer to the links on the page or contact us for further questions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
