Where do I input 1040 K-1 info???

11059b — Mon, 15 Mar 2021 21:03:32 GMT

Re: Where do I input 1040 K-1 info???

gloriah5200 — Mon, 15 Mar 2021 21:29:59 GMT

Please clarify the type of K-1 to be carried to your 1040.

If it is a k-1 from Form 1065, that is considered from a partnership or multi-member LLC>

If it is a k-1 from Form 1120S then that is considered from an S corporation

If it is a k-1 from Form 1041, then that is considered from a trust or estate.

All of these k-1's, once entered will carry to Schedule E page 2 of the 1040 return. You will enter them into your TurboTax return under the category called "S-corps, Partnerships, and Trusts'.

Otherwise, if you are referring to a 1099-K, then that is income that will be entered onto your Schedule C or sole proprietorship.

A K-1 is generated from preparation of a partnership, trust, s corporation, or estate income tax return and is used to allocate income and deductions to individual owners of the entity.

Re: Where do I input 1040 K-1 info???

VolvoGirl — Mon, 15 Mar 2021 21:31:18 GMT

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.

topic Where do I input 1040 K-1 info??? in Get your taxes done using TurboTax

Where do I input 1040 K-1 info???

Re: Where do I input 1040 K-1 info???

Re: Where do I input 1040 K-1 info???