Business & farm

If you are an S-Corp shareholder you will get a K-1 in addition to the W-2 form.  The corp return must be completed first and they are due 3/15/21.  

 

To enter a K-1 go to 
Federal Taxes Tab ( Personal in the H&B versions )
Wages and Income
Choose Explore on my own or I'll choose what to work on  (if it comes up)
Then scroll way down to Business Items
 S-corps, Partnerships, and Trusts.  Schedules K-1, Q - Click the Start or Update button 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

 

 

k-1 s-corp health.PNGk-1 s-corp health 2.PNG