Deductions & credits

Please follow these steps to enter your K-1. You may want to delete the K-1 and start over with these steps:

1. Sign in to your TurboTax account and continue to your return
2. In the search bar, enter Schedule K-1, then select the Jump-to link in the search results
   • If the Jump to link doesn’t work, select the Federal tab, then Wages & Income (Income & Expenses for TurboTax Self-employed)
   • Under S-corps, Partnerships, and Trusts, select Revisit or Start next to Schedule K-1
3. Answer Yes to the questions Did you receive any Schedules K-1 or Q?
4. On the Tell Us about your schedules K-1 screen, select Update if you're adding info to a K-1 you've already entered, or if you need to add another K-1 to an existing entity type
5. Continue through the interview until you get to the screen, Checkboxes that have an amount for Trusts or are checked on the form
6. Check the appropriate box for your form and select Continue
7. On the next screen, enter the code (Z, V, or I) and amount from your K-1
8. Continue answering the interview questions until you get to the screen, We see you have Section 199A income. Select the source of ‌income and Continue.
9. Check any applicable boxes on the screen, We need some information about your 199A income.
10. Only enter amounts from your Section 199A Statement, not any of the other boxes on the K-1 form. When you check the box next to a line, an additional box will open where you can enter the amount from your Section 199A Statement for that line.
11. Select Continue, and you’ll see the screen, Let’s check for uncommon adjustments. Enter a value(s) on Statement A that need to be changed and/or any business income received from a specified agricultural or horticulture cooperative on Statement C.

Schedule K-1

@Larry Wayne