Level 2

how to generate(?) schedule K-1?


I am close to the end of my s-corp federal return thanks to all your help. 

When do I receive the schedule K-1 of this s-corp tax return for my personal tax return?

Is it something will be done by turbo tax when i file the return at the end?


thank you!

Expert Alumni

Business & farm

The shareholders' Schedules K-1 are part of the tax return of the S-Corp (form 1120-S). When you print the S-Corp's tax return, you'll find Schedules K-1 for each shareholder.


You then enter your Schedule K-1 on your personal tax return.

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