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How do I report my K-1?

I search K-1 and it does not take me to a place to report the information
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2 Replies

How do I report my K-1?

To enter a Schedule K-1

Click on Federal
Click on Wages & Income (Income & Expenses using Self-Employed)
Scroll down to S-corps, Partnerships, and Trusts
On Schedule K-1, click on the start or update button


Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1

AliciaP1
Expert Alumni

How do I report my K-1?

If you cannot use the magnifying glass to search "k-1" and get the jump to link you can instead follow these steps to enter your Schedule K-1 you received:

 

In TurboTax Online by following these steps:

  1. Sign in to your TurboTax
  2. Open or continue  your return
    • Choose a section from the TurboTax menu and select Pick up where you left off
  3. Using the search bar, type K-1 and select the Jump to link from the search results
    • Note: If the Jump to link doesn’t work, select the Federal tab, then under S-corps, Partnerships, and Trusts, select Wages & Income
    • Select Revisit or Start next to Schedule K-1
  4. Answer Yes to Do you want to review Schedules K-1 or Q? and follow the prompts
    • Note: You may be prompted to upgrade to Premier, if you're not already using it
  5. This will take you to the Schedules K-1 or Q screen
  6. We’ll ask some questions about your K-1, and then you’ll enter the data from the form

To enter in TurboTax CD/Download:

  1. Sign in to your TurboTax
  2. Open or continue  your return
  3. Using the search bar, type K-1 and select the Jump to link in the search results
  4. This will take you to the Schedule K-1 and Schedule Q screen
    • Note: If the Jump to link doesn’t work, select Personal, then Personal Income
  5. Select I’ll choose what I work on and continue until you reach the screen, Your 2022 Income Summary
  6. Select Start next to Schedule K-1 under Business Investment and Estate/Trust Income
  7. Answer Yes and follow the prompts
  8. We’ll ask some questions about your K-1, and then you’ll enter the data from the form
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