I don't see where, under "Wages and Salary" that I can enter a K-1 schedule.

[VolvoGirl]

If you are using the Online version you need to use Premium to enter a K-1.

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Scroll down to S-corps, Partnerships, and Trusts or to Business items

Schedules K-1, Q - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.

[maglib]

@janedibrell To report Schedule K-1 income (partnerships, S-corps, estates, trusts) in TurboTax, you must use TurboTax Premier, TurboTax Self Employed, or TurboTax Home & Business. The Free and Deluxe Online versions do not support K-1s, although all desktop versions (including Deluxe) can handle the K-1.

Go to Personal Income> scroll down and you will see Business Investment and Estate Trust Income and Schedule K-1 entry area.