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Level 1
posted Jun 17, 2020 11:59:19 AM

How do I apply a K1 received from my LLC TurboTax Business software into my personal TurboTax Home & Business return?

I am trying to apply a K1 form to my personal tax return but TurboTax Home and Business lets me enter the numbers but keeps thinking the form needs an update. The update, according to a TurboTax email I received, is ready but when I look for updates it says TurboTax is up to date. It keeps saying there are forms are "ready Soon" in the program itself and even stranger, it is looking to include a Schedule E form for Supplemental Income & Loss and a Form 8582 for Passive Activity Loss Limitations which I don't believe are needed. Is there any way to fix this?

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1 Best answer
Level 15
Jun 17, 2020 12:05:40 PM
1 Replies
Level 15
Jun 17, 2020 12:05:40 PM