How do I attach Bussines tax K1 with turbotax personal tax?
My accountant complete my TurboTax Bussiness 1120S. I want help to add the K1 with TurboTax personal return. I purchsed desktop version software.
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To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to S-Corp, Partnerships and Trusts
Schedules K-1 - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
You don't attach the Schedule K-1 to your tax return. You just enter the information from the K-1, following the instructions that VolvoGirl gave you.
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