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Level 1
February 24, 2026
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Do I need to complete the Schedule E section?

  • February 24, 2026
  • 1 reply
  • 9 views

    I just have a question. If I include my information from my Schedule K1 (form 1120-S) using Turbo Tax in the section- under Wages and Income -Schedule K1 box 2 do I also have to report this same information again in the Schedule E section? 

     I receive rental income every month from a commercial real estate property that we lease.  I am a 50% ownership s corporation shareholder.  

     My question is should I also report this same information again on the Schedule E section? Do I need to touch the Schedule E section at all?

 

    Best answer by DawnC

    No, when you enter the K-1 in the Wages & Income section, TurboTax will automatically generate the Schedule E from there.   After you enter the K-1 where you described, you can print or view your tax return to verify the Schedule E was generated.  

    1 reply

    DawnC
    DawnCAnswer
    Level 15
    February 24, 2026

    No, when you enter the K-1 in the Wages & Income section, TurboTax will automatically generate the Schedule E from there.   After you enter the K-1 where you described, you can print or view your tax return to verify the Schedule E was generated.  

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