I received a Schedule K1 1041 for a loss as a beneficiary in an estate. How do I/can I enter this in TurboTax Deluxe CD version?
As this article recommended I searched for K-1 but no "Jump to k-1" link appeared.
As this article recommended I searched for K-1 but no "Jump to k-1" link appeared.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
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