Business & farm

Form 8453-PE does not go on your tax return. You should receive a Schedule K-1 from the partnership. That's the  form to plug into your personal income tax return. Schedule K-1 divides the income, expenses, deductions and credits for each partner.


To input your K-1: Where do I enter a K-1 that I received?
 On the screen Tell Us About Your Schedules K-1, choose Partnership/ LLC (Form 1065). Match the boxes and codes from your K-1 with the boxes and codes in TurboTax and the information will go to the right place.