I have Turbotax Home and Business, How to file Form 1065?

[Connie513]

I bought Turbotax Home and Business, I invested in two setup companies thruogh a venture captial company, now received Form 1065. how should I file the tax return for the schedule K-1 Form 1065?

[VolvoGirl]

Your received the 1065 K-1s?  Then you don't need to prepare the 1065 Business return ?

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to S-Corp, Partnerships and Trusts

Schedules K-1 - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.