Enter the rental income and expenses ONLY on the Schedule E.
After you're finished with all the entries, they flow to the K-1s for each beneficiary. This is done automatically by TurboTax -- you don't have to enter the information on the K-1 forms yourself.
To enter information on the rental property, please follow these steps:
- Click Federal Taxes > Continue.
- In the Rentals and Royalties section, click Start.
- Continue through the screens, entering the requested information.
[Edited | 4/14/2020 | 8:42am PDT]
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