You'll need to set up your shareholders in TurboTax Business and then complete your business return so the information flows to your shareholders. Once you complete that, you'll have created the Shareholder K-1's and you'll be able to issue (distribute) them to your shareholders.
To issue K-1s to your partners, shareholders, or beneficiaries:
- Open your return in TurboTax Business
- Complete your business return, if you haven't already done so (otherwise, your K-1s won't be correct)
- Select the File tab (next to State Taxes) and then select Distribute K-1s
- Select your preferred distribution format (Save as PDF for email or Print for regular mail) and follow the instructions
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