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Level 1
March 19, 2025
Question

K-1

  • March 19, 2025
  • 1 reply
  • 4 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

Level 15
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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