MarilynG1
Expert Alumni

Business & farm

Schedule K-1 is a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts, and LLCs.

 

Your Schedule K-1 may not arrive until March, April, or even later. This is because the pass-through entity needs to complete their tax return before they can distribute K-1s.  The K-1s for Trusts/Estate are ready now.  The K-1's for Partnerships and Shareholders are scheduled for 2/21/24.

 

Here's more info on Entering Form K-1 in TurboTax.

 

@Jeff-klemens 

@JBrand 

 

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