AnnetteB
Intuit Alumni

Business & farm

You do need to add the K-1 to your return.  Doing so will allow TurboTax to take the entries from the K-1 and put them in the right places on your return to report your income and deductions from the K-1.

When you read the instructions that say, "Do not file it with your tax return..." it is referring to actually attaching the paper copy of your K-1 to your Federal return and mailing it with your other tax forms if you were filing by mail. 

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