I received a K-1 from the partnership and input it into Turbotax. I also bought half the shares of the business (yes, the interest of the partner, but there was a specified number of shares in the operating agreement).
Not an S corp or C corp, it was an LLC.
Where do you input these details in Turbotax? I am paid on a K-1, and then part of my claimed income goes toward the note payment each month. How/where do you input this?
