Income that you received as a beneficiary of a trust that is reported on a K-1 will include the income, deductions, and credits that you received. Follow the steps below to enter your K-1 in TurboTax.
- Sign into TurboTax
- Open or continue your return
- Select Search, enter K-1 and select the Jump to k-1
- On the Schedules K-1 or Q page, select the button for Yes
- On the Did you receive any Schedules K-1? page, select the button for Yes
- Select the Start button next to the type of K-1 form you have, then enter your information
- Select the Continue button on each page until you are you finished recording your data.
Please review the TurboTax articles What is a Schedule K-1 Form 1041: Estates and Trusts? and Where do I enter a Schedule K-1 that I received? for more information.
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