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Business & farm
Just make the entries from the K-1 and TurboTax will flow the data to the appropriate section of your return.
Enter information for the Schedule K-1, following these steps:
- Click on Federal > Wages & Income
- In the S-Corps, Partnerships, and Trusts section click on the box next to Schedule K-1.
- Click Yes on the next screen, Did you receive any Schedules K-1?
- On the Tell Us About Your Schedules K-1 screen. Click on the Start/Update box next to the type of entity (partnership, S-corporation, or trust/estate) that issued the K-1.
- If you have already entered K-1 information, you will see a Summary screen. Click Add Another K-1 to enter your information (or click on Edit to continue with the existing form entry).
- If you haven't started entering K-1 information, continue through the screens, entering the requested information.
[Edited | 4/15/2020 | 7:45am PDT]
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‎June 3, 2019
12:48 PM