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Schedule C and K-1
My wife and I formed an LLC (Domestic Limited Liability) in 2020. I started on my 1040 in December and our business taxes since they are due on March 15. Completed the latter which generated a schedule K-1. Trying to finish up our Joint Taxes using TurboTax Deluxe. During the interview I'm asked if we received a K-1, which we did. I proceed to enter that information so now it seems as if there are two identical entries in the Business Items section; one for "Business Income and Expenses (Such C)" and right below it "Schedules K-1, Q". The entered information appears to be a duplicate. Do I remove the entries I had made previously for the Business Income section which generates the Schedule C? This is our first year as filing as an LLC.
‎February 28, 2021
7:32 PM