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Level 2
posted Mar 26, 2025 8:29:15 AM

K-1's

Hello,

 

I have a Partnership that have multiple K-1 rolling up to it.   How do I get Turbo Tax to print the multiple activities on the individuals K-1s for the partners?

 

Thank you,

 

Ron

0 5 1116
2 Best answers
Expert Alumni
Mar 31, 2025 11:06:28 AM

You can add specific information for multiple activities in TurboTax business as follows:

  1. Click the Forms icon.
  2. Find Form 1065 p5-6 in the forms list.
  3. Click the form name to open it in the large window.
  4. Check the boxes on Lines 1 and 2 under the dark arrow to add and "*" on Schedules K-1.
  5. Now open each Schedule K-1 (Partner).
  6. Scroll down below Line 23 and enter a description and amount for the details needed for each activity.

This will add a second page of "Supplemental Information" to Schedule K-1.

Expert Alumni
Apr 1, 2025 8:06:50 AM

At this time, TurboTax Business does not automatically report multiple activities for Schedule K-1. 

 

However, once you have triggered the "Supplemental Information" section on Form 1065 p5-6, you can prepare a list of activities in any form you wish. Then attach your custom information page to each K-1 as it is sent to the partner.

5 Replies
Expert Alumni
Mar 27, 2025 11:49:05 AM

If you are asking how to prepare K-1s for partners it would require TurboTax Business software.

 

 

Level 2
Mar 27, 2025 12:25:05 PM

I'm using the Business Turbo Tax, I can't get the detailed of the activities to show up as a schedule to the Partners Returns.  I believe it is required to report the activities.

Expert Alumni
Mar 31, 2025 11:06:28 AM

You can add specific information for multiple activities in TurboTax business as follows:

  1. Click the Forms icon.
  2. Find Form 1065 p5-6 in the forms list.
  3. Click the form name to open it in the large window.
  4. Check the boxes on Lines 1 and 2 under the dark arrow to add and "*" on Schedules K-1.
  5. Now open each Schedule K-1 (Partner).
  6. Scroll down below Line 23 and enter a description and amount for the details needed for each activity.

This will add a second page of "Supplemental Information" to Schedule K-1.

Level 2
Mar 31, 2025 11:57:40 AM

It's frustrating because this holding GP has about 15 k-1's that roll up, but there's no way to automatically show these activities on the individual k-1 without manually inputting them?

Expert Alumni
Apr 1, 2025 8:06:50 AM

At this time, TurboTax Business does not automatically report multiple activities for Schedule K-1. 

 

However, once you have triggered the "Supplemental Information" section on Form 1065 p5-6, you can prepare a list of activities in any form you wish. Then attach your custom information page to each K-1 as it is sent to the partner.