Hello,
I am returning to my 2023 tax return. I entered one K1 back in February. Now I need to add 3 more K1 forms. But I am having a senior moment and can't figure this out.
In the TT 2023 I see the Business Items section and a Schedule K-1 has a number (this is from my posting in February). But I can't see how to add 3 more Schedule K-1 forms.
Please help.
You'll need to sign in or create an account to connect with an expert.
In TurboTax Online, you can enter additional Schedules K-1 by following these steps:
First, thank you very much for the prompt reply!
I found the section which is entitled:
Tell Us About Your Schedule K-1
Then it says,
Select the type of Schedule K-1 you want to enter or edit:
Partnership LLC (form 1065)
S corporation (Form 1120S)
Estates or trusts (Form 1041).
The Schedule K-1 I want to enter says the "Company Name and LLC" The Company is actually a partnership that invests in buying apartments and distribution dividends.
Should I choose the Partnership LLC? (above)
It could be Schedule K-1 (Form 1065) or Schedule K-1 (Form 1120S).
Look at the top left corner of your document.
Thank you!
I figured that it is Schedule K-1 (Form 1065). But this Schedule K-1 form came with the Schedule K-3 form. Which, according to the TT instructions I can skip if Schedule K-3 has No Foreign Income or Taxes.
I am trying to figure this out (if Schedule K-3 has any Foreign Income or Taxes). Confusing.
Thank you again.
How can I find these "TT instructions" that say that you can skip the K-3 if it has no foreign income or taxes?
Thanks.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17620428287
New Member
simplisticx3
New Member
KarenL
Employee Tax Expert
DcGriffith62
Returning Member
abbiedillard
New Member