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Business & farm
Wait.......Do you need to prepare the S corp and Estate tax returns? Or just enter the K-1 you received into your personal return? You don't need the Business program to enter a K-1. All the Desktop programs have K-1 entry. In the Online version you need Premier or the Self Employed version.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
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
Enter each k-1 separately.
March 14, 2021
10:29 AM