How to include my K1

[mathewManoj]

Hello,

I have a K1 schedule as part of an investment. How and where do I include this?

[JamesG1]

There are three different kinds of K-1’s that can be entered into TurboTax software.

• Partnerships/LLCs (form 1065)
• S corporations (form 1120S)
• Estates and trusts (form 1041)

You should be able to read the top of the form and determine which K-1 that you will be entering.

Please follow these directions.

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Click the down arrow to the right of S-corps, Partnerships, and Trusts.
• Click to the right of Schedule K-1.
• At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
• For several screens, you will be entering data right off the K-1 form.