topic Issuing a K-1 from Turboxtax for Business 2021 in Business & farm

Issuing a K-1 from Turboxtax for Business 2021

rbsorensen — Mon, 23 Feb 2026 13:14:00 GMT

I need to issue a K-1 to a shareholder from an LLC and have Turboxtax for Business 2021 (as well as for 2022).

There is a community posting indicating that you can do this from the "Distribute K-1" button under the File tab on Turbotax Business. However, there is no "Distribute K-1" button. So how do I produce these?

Re: Issuing a K-1 from Turboxtax for Business 2021

HelenC12 — Mon, 06 Feb 2023 14:28:01 GMT

You'll need to set up your shareholders in TurboTax Business and then complete your business return so the information flows to your shareholders. Once you complete that, you'll have created the Shareholder K-1's and you'll be able to issue (distribute) them to your shareholders.

To issue K-1s to your partners, shareholders, or beneficiaries:

Open your return in TurboTax Business
Complete your business return, if you haven't already done so (otherwise, your K-1s won't be correct)
Select the File tab (next to State Taxes) and then select Distribute K-1s
Select your preferred distribution format (Save as PDF for email or Print for regular mail) and follow the instructions

Related Information:

Re: Issuing a K-1 from Turboxtax for Business 2021

rbsorensen — Mon, 06 Feb 2023 21:19:02 GMT

Where in Turbotax Business do I set up shareholders?

The business info section only ask for the number of shareholders and not any information about them.

Re: Issuing a K-1 from Turboxtax for Business 2021

AbrahamT — Mon, 06 Feb 2023 22:19:10 GMT

See here

Under partner/member information-See here

Re: Issuing a K-1 from Turboxtax for Business 2021

rbsorensen — Tue, 07 Feb 2023 10:17:05 GMT

Thanks - I got it