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New Member
posted Feb 6, 2023 7:49:05 AM

We have a schedule K-1 Form 1041 from an inheritance, some of which was possibly taxable? We did not administrate the estate, husband was one beneficiary of eight.

What type of help do I need to choose?

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2 Replies
Level 15
Feb 6, 2023 7:51:05 AM

If you are using one of the online versions, you need to use Premier or Self-Employed to enter information from a K-1.

 

If you need help preparing your return, you can choose the LIVE or Full Service option.

Level 15
Feb 6, 2023 7:52:23 AM

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