I have a K-1 Where do I enter that income?

[paulnkelly]

I filed my business taxes and have a K-1 and now doing my personal taxes. Where do I enter my income from my K-1

[VolvoGirl]

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Then scroll way down 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.

[ErnieS0]

To enter a K-1 in TurboTax:

• Type k-1 in Search in the upper right
• Select Jump to k-1
• Say YES to Do you want to review Schedules K-1 or Q?
• On Tell Us About Your Schedule K-1, select the appropriate type (partnership or S-Corp)
• Enter the numbers and letter codes exactly as they appear on your form

Related Resource:

• What is a Schedule K-1?