Business & farm

Here are the instructions for reporting income from a Schedule K-1 in TurboTax Online and Desktop:

TurboTax Online

1. Go to the K-1 (<click here) screen under Wages & Income.
2. On the Schedules K-1 or Q page, select Yes.
3. On the Did you receive any Schedules K-1? page, select Yes.
4. Select Start next to the type of Schedule K-1 form you have, and enter your information.

 

TurboTax Desktop

1. Open TurboTax and continue your return.
2. Select Search Topics. Search for and select K-1.
3. On the Schedules K-1 and Schedule Q screen, select Yes.
4. Select Start next to the type of Schedule K-1 form you have, and enter your information.

To use the jump-to link for TurboTax Online, make sure you're currently logged into the software. 

FAQ - Where do I enter a Schedule K-1 that I received?