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.
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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.
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