Hello,
I received a K-1 for Enterprise Product Partners (EPD), a pipeline, oil & gas partnership. Where do I enter the K-1 data? Unable to find the screens...I am usin TT Premier...
Thanks
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In order to report your K-1, navigate to Federal Taxes > Wages & Income > I'll choose what I want to work on. Then, scroll to Business Items > Schedules K-1, Q. Answer the interview questions, noting that you will be asked if this is an oil or gas property in the interview questions.
Here is some more information on K-1s: What is a Schedule K-1 Tax Form?
thank you
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