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Level 1
posted Mar 21, 2023 1:33:48 PM

Expert Help with Schedule K-1 Form 1120-s

Does Expert Help help me figure out how to enter the information into Turbo Tax from the forms?

0 3 702
1 Best answer
Expert Alumni
Mar 21, 2023 4:19:03 PM

The experts in Community can't read the K-1 for you, and tell you how/where to enter.  However, TurboTax does off TurboTax Live Assisted where you can connect directly - one on one, with a tax expert that will assist you in completing your tax returns.  For additional information, click on:  TurboTax Live - How it Works

3 Replies
Expert Alumni
Mar 21, 2023 2:08:36 PM

You can enter your Schedule K-1 Form 1120S by following these steps:

 

  1. In TurboTax, open your tax return
  2. Click on Federal in the left-hand column, then on Wages & Income
  3. Locate the section S-Corps, Partnerships, and Trusts and click on Show more
  4. Click Start next to Schedule K-1
  5. Choose the correct form for your Schedule K-1 (Form 1120S)

Level 1
Mar 21, 2023 3:35:43 PM

I am having difficulty reading the form to input the information and answer the questions.

Expert Alumni
Mar 21, 2023 4:19:03 PM

The experts in Community can't read the K-1 for you, and tell you how/where to enter.  However, TurboTax does off TurboTax Live Assisted where you can connect directly - one on one, with a tax expert that will assist you in completing your tax returns.  For additional information, click on:  TurboTax Live - How it Works