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posted Apr 7, 2025 2:55:37 PM

1041 K-1 reporting possible with Turbotax Premier version?

I just received a 1041 K-1 form from a trust inheritance received in 2024. I have already purchased and am using the Intuit Turbotax Premier version of the software that I purchased prior to receiving this K-1 form.

 

Where do I report the K-1 on the Premier software?

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1 Replies
Expert Alumni
Apr 7, 2025 3:02:59 PM

Report IRS form Schedule K-1 by following these steps:

 

  • Across the top of the screen, click on Federal Taxes.
  • Across the top of the screen, click on Wages & Income.
  • Select I'll choose what I work on.
  • Scroll down to Business Items.
  • Click to the right of Schedule K-1.
  • At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
  • For several screens, you will be entering data right off the K-1 form.