The schedule K-1 is actually created in TurboTax Business when filing a business return for your LLC, S Corp, C Corp or trust.
To enter a Schedule K-1 (If you already have received a K-1 and need to enter it )
- Click on
Federal Taxes (Personal if using Home and Business)
- Click on
Wages and Income (Personal Income if using Home and Business)
- Click on
I'll choose what I work on (if shown) or Add more income
- Scroll
down to S-corps, Partnerships, and Trusts, click show more,
- On
Schedule K-1, click on the start or update button
Note: You may be prompted to upgrade to Premier, if
you are using the Federal Free version of TurboTax.
