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June 4, 2019
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Do i enter rental income on sch E and K-1 for an estate

  • June 4, 2019
  • 1 reply
  • 21 views

being an executor of an estate I file a K-1 and sch E, do I enter rental income on both forms, or which one

Best answer by Irene2805

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:

  1. Click Federal Taxes > Continue.
  2. In the Rentals and Royalties section, click Start.
  3. Continue through the screens, entering the requested information.

[Edited | 4/14/2020 |  8:42am PDT]

1 reply

Irene2805Answer
Alumni - Intuit
June 4, 2019

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:

  1. Click Federal Taxes > Continue.
  2. In the Rentals and Royalties section, click Start.
  3. Continue through the screens, entering the requested information.

[Edited | 4/14/2020 |  8:42am PDT]