- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
If you received a Schedule K-1 from the partnership you should be entering that K-1.
To enter a Schedule K-1
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
On Schedule K-1, click on the start or update button
Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1
As a member of a multi-member LLC you should be also filing a Form 1065. The personal editions of TurboTax, to include Home & Business, do not support Form 1065.
You would need the TurboTax Business edition to complete and file Form 1065. The Business Edition can only be installed on a Windows based personal computer and does not support personal tax returns, Form 1040.
Go to this TurboTax website for the Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/