PatriciaV
Expert Alumni

Business & farm

Yes, in TurboTax Business, you can enter distributions for any partner on the Schedule K-1 Worksheet using Forms Mode.

 

  1. Open your return and click the Forms icon in the TurboTax header. 
  2. In the list of Forms in My Return on the left, scroll down and look for Sch K-1 Wks
  3. Click the form name to open it in the large window. 
  4. This form has an embedded scroll bar on the left that allows you to move between partners.
    Scroll down to the partner you need to work on.
  5. Enter distributions of cash and/or property on the left column under Capital (Basis is greyed out).
  6. Click Step-by-Step in the header to return to the main screens.
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