topic Where do I record income from schedule K1, form 1041? in Business & farm

Where do I record income from schedule K1, form 1041?

shenne1947 — Tue, 03 Feb 2026 15:54:28 GMT

Inherited income, interest and "other portfolio and nonbusiness income"

Re: Where do I record income from schedule K1, form 1041?

RobertB4444 — Fri, 14 Mar 2025 14:50:45 GMT

In the wages and income section of your federal return scroll down to 'Business Items'. The second entry there is 'Schedules K-1, Q'. Click start next to that and then again next to the 1041 option. Then enter all the numbers from your K-1 into the exact same boxes in the system.

@shenne1947

Re: Where do I record income from schedule K1, form 1041?

DoninGA — Fri, 14 Mar 2025 14:51:59 GMT

To enter the Schedule K-1 you will need to upgrade to the Premium online edition.

To enter a Schedule K-1

Click on Federal
Click on Wages & Income
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, Q, click on the start or revisit button

Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1