☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Mar 22, 2022 8:39:51 AM

How to use K-1

I got 1099 from Robinhood, which listed all my stock activities in 2021 including interest/dividend and import into turbotax automatically. while, ET sent me K-1. should i file K-1 again? is K-1 covered by 1099?

0 1 377
1 Replies
Expert Alumni
Mar 22, 2022 8:55:15 AM

No, K-1 is not part of 1099 and you will have to input that information separatly. 

 

To enter the K-1 Information, please follow the steps below:

  1. Click on Tax Home from Left Side Menu.
  2. Click on Wages & Income from main screen.
  3. Scroll down till you see the section for "S-corps, Partnerships, and Trusts". Within this section, there will be an option for Schedule K-1. You will input the information here.