K1

clang2 — Mon, 23 Feb 2026 12:57:35 GMT

Just received Schedule K-1(form 1065) and check from partnership. Since I received the money in 2023, can I put it on my 2023 taxes?

Re: K1

HopeS — Thu, 09 Feb 2023 15:42:56 GMT

No, the K-1 is from the 2022 Partnership return, therefore you should enter the K-1 exactly as it is shown when you complete your 2022 personal return. The partnership return (Form 1065) including the K-1s will be efiled with the IRS, hence your personal return should match the K-1 reported to the IRS. Otherwise, you may receive a Tax Notice and will need to amend your return.

Below are the steps on how to enter Form K-1 with TurboTax Online:

Sign in to your TurboTax account.
Open or continue your return. ...
Using the search bar, type K-1 and select the Jump to link from the search results. ...
Answer Yes to Do you want to review Schedules K-1, Q
This will take you to the Schedules K-1 or Q screen.

@clang2

Re: K1

Mike9241 — Thu, 09 Feb 2023 17:47:22 GMT

was the partnership liquidated or did you sell your entire interest in it? if so there is additional reporting

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K1

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