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New Member
posted Feb 27, 2024 3:39:22 AM

K-1

The attorney I hired to handled my deceased father’s estate gave me a k-1 for my personal taxes. What do I do with it?

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1 Best answer
Level 15
Feb 27, 2024 5:13:39 AM

The Schedule K-1 must be entered into the version of TurboTax for the year that includes the tax-year end-date shown at the top of the Schedule K-1.  That may or may not be 2023 TurboTax depending on the timeliness of the estate income tax return filing and whether or not the estate uses a fiscal or a calendar tax year.

2 Replies
Employee Tax Expert
Feb 27, 2024 3:44:15 AM

Enter the K-1 on your personal return. Follow the instructions for online or desktop programs listed in this FAQ. 

Level 15
Feb 27, 2024 5:13:39 AM

The Schedule K-1 must be entered into the version of TurboTax for the year that includes the tax-year end-date shown at the top of the Schedule K-1.  That may or may not be 2023 TurboTax depending on the timeliness of the estate income tax return filing and whether or not the estate uses a fiscal or a calendar tax year.