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mali590
New Member

Add Bussines tax K1 with turbotax personal tax

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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2 Replies

Add Bussines tax K1 with turbotax personal tax

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

 

rjs
Level 15
Level 15

Add Bussines tax K1 with turbotax personal tax

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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