ThomasM125
Expert Alumni

Retirement tax questions

Your schedule K-1 from an S Corporation is reported on a schedule E, page two. Also, you have qualified business income (QBI) issues associated with an S corporation K-1 entry. These are complex matters so that is probably why you need to upgrade to the Premier edition of TurboTax. You mention that you are merely an employee, but processing your K-1 form is much more involved than simply processing a W-2 form.  @IHaveABigQuestion 

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