Report IRS form Schedule K-1 by following these steps:
- Across the top of the screen, click on Federal Taxes.
- Across the top of the screen, click on Wages & Income.
- Select I'll choose what I work on.
- Scroll down to Business Items.
- Click to the right of Schedule K-1.
- 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.
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