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Level 1
March 19, 2025
Question

K-1

  • March 19, 2025
  • 1 reply
  • 19 views

I belong to a small investment club (organized as a partnership).  The Club has issued a Schedule K-1 (Form 1065) to each member.  I am using the Turbotax  Premier program.  What do I do with the information on the K-1?

Thanks

 

1 reply

Alumni - Intuit
March 19, 2025

Enter it as income.  If you scroll down in the wages and income section of your federal return then you will be able to enter the K-1 under 'Business Income'.  

 

@Jake771 

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