My experience is to modify a bit MichelleT's:
The schedule K-1 is actually created in TurboTax Business when filing a business return for your LLC, S Corp, C Corp or trust.
To enter a Schedule K-1 (If you already have received/submitted a K-1 and need to pass through)
- Click on Federal Taxes (Personal if using Home and Business)
- Click on Income & Expenses on top
- If you don’t see ‘S-corps, Parnerships, and Trusts’ in the panel, click ‘Show More’ button below the panel
- Scroll down to find 'S-corps, Partnerships, and Trusts', click show more,
- On Schedule K-1, click on the start or update button
Note: I'm using the Premier online.
