K-1

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

posted

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

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"