topic Re: K-1's in Get your taxes done using TurboTax

K-1's

Johnsro12 — Wed, 26 Mar 2025 15:29:15 GMT

Hello,

I have a Partnership that have multiple K-1 rolling up to it. How do I get Turbo Tax to print the multiple activities on the individuals K-1s for the partners?

Thank you,

Ron

Re: K-1's

JohnB5677 — Thu, 27 Mar 2025 18:49:05 GMT

If you are asking how to prepare K-1s for partners it would require TurboTax Business software.

Re: K-1's

Johnsro12 — Thu, 27 Mar 2025 19:25:05 GMT

I'm using the Business Turbo Tax, I can't get the detailed of the activities to show up as a schedule to the Partners Returns. I believe it is required to report the activities.

Re: K-1's

PatriciaV — Mon, 31 Mar 2025 18:06:28 GMT

You can add specific information for multiple activities in TurboTax business as follows:

Click the Forms icon.
Find Form 1065 p5-6 in the forms list.
Click the form name to open it in the large window.
Check the boxes on Lines 1 and 2 under the dark arrow to add and "*" on Schedules K-1.
Now open each Schedule K-1 (Partner).
Scroll down below Line 23 and enter a description and amount for the details needed for each activity.

This will add a second page of "Supplemental Information" to Schedule K-1.

Re: K-1's

Johnsro12 — Mon, 31 Mar 2025 18:57:40 GMT

It's frustrating because this holding GP has about 15 k-1's that roll up, but there's no way to automatically show these activities on the individual k-1 without manually inputting them?

Re: K-1's

PatriciaV — Tue, 01 Apr 2025 15:06:50 GMT

At this time, TurboTax Business does not automatically report multiple activities for Schedule K-1.

However, once you have triggered the "Supplemental Information" section on Form 1065 p5-6, you can prepare a list of activities in any form you wish. Then attach your custom information page to each K-1 as it is sent to the partner.