Do I need to file K-1 if I am only a stock holder?

[jcaponetto]

I purchased stocks in a specific company, I received a K-1. Am I supposed to file these K-1's? I would have thought this is covered when reporting gain's/losses.  I am not directly associate with the company, only a stock shareholder.

Thanks!

Jason

[KathrynG3]

Since a Schedule K-1 was received, and since the IRS gets a copy of every government form you receive, the Schedule K-1 must be included. Answer all the interview questions in this section to capture your circumstances.

Regarding Form 1099-B, check the supporting details to see if it was included in the reporting. If it is included, delete this portion of the reporting since it will be captured by entering Schedule K-1.

For more information, see: 

Where do I enter a K-1 that I received?

Guide to Schedule D: Capital Gains and Losses - TurboTax Tax Tips & Videos