Re: Form 1041

Wayne C — Mon, 06 Mar 2023 01:33:11 GMT

I am using Turbotax premier. I need to use for 1041 schedule k-1. I can't find where I can input this data. How do I proceed?

Re: Form 1041

rjs — Mon, 06 Mar 2023 02:18:16 GMT

What do you mean by "use" Schedule K-1? Did you receive a Schedule K-1 from a trust or estate, and you need to enter the Schedule K-1 in your personal Form 1040 tax return? Or are you trying to create a Schedule K-1 for a beneficiary of a trust or estate?

If you have to enter a Schedule K-1 that you received, type k-1 in the Search box, then click the link that says "Jump to k-1."

If you are trying to create a Schedule K-1, you can't do that with TurboTax Premier. Schedule K-1 is created as part of the Form 1041 tax return for a trust or estate. To prepare a Form 1041 tax return you have to use TurboTax Business (not Home & Business).

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Re: Form 1041

Re: Form 1041