Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Oct 1, 2023 7:10:11 PM

Can't revisit K1 section inTurbo Tax online. Jump to link doesn't bring up questions...

0 2 629
1 Best answer
Level 15
Oct 1, 2023 7:47:02 PM

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.

 

To get to a list of your K-1s you can edit…. When you go back the K-1 interview section the first screen says "Do you want to review Schedule K-1?". You have to answer yes and then select the Schedule K-1 type (LLC, S corp, trust). The next screen is the Summary screen listing all of the K-1 entered for the type of entity.

2 Replies
Level 15
Oct 1, 2023 7:47:02 PM

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down to Business items

Schedules K-1, Q - Click the Start or Update button

 

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.

 

To get to a list of your K-1s you can edit…. When you go back the K-1 interview section the first screen says "Do you want to review Schedule K-1?". You have to answer yes and then select the Schedule K-1 type (LLC, S corp, trust). The next screen is the Summary screen listing all of the K-1 entered for the type of entity.

Level 2
Oct 2, 2023 4:18:56 AM

Thank you so much. I spent an hour trying to find it....