No, the K-1 is from the 2022 Partnership return, therefore you should enter the K-1 exactly as it is shown when you complete your 2022 personal return. The partnership return (Form 1065) including the K-1s will be efiled with the IRS, hence your personal return should match the K-1 reported to the IRS. Otherwise, you may receive a Tax Notice and will need to amend your return.
Below are the steps on how to enter Form K-1 with TurboTax Online:
- Sign in to your TurboTax account.
- Open or continue your return. ...
- Using the search bar, type K-1 and select the Jump to link from the search results. ...
- Answer Yes to Do you want to review Schedules K-1, Q
- This will take you to the Schedules K-1 or Q screen.
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