Form 1041 Schedule k1

[RFJ]

How do I enter information from Schedule K1 form 1041 (Line 11 Final year deductions  A-Excess deduction and B-Short term capital loss carryover) into my Turbo Tax?

[ThomasM125]

To enter a trust K-1 into TurboTax, please follow these instructions:

1. Go to the "Federal" section of TurboTax

2. Choose "Income and Expenses"

3. Find the "Business and Investment and Estate/Trust Income" section

4. Click on the "Start" option to the right of "Schedule K-1"  and work through that section to enter your schedule K-1 from form 1041 

[taxchallenged2]

I am using Turbotax Premier, which I purchased and download from Amazon today.

When I click on Federal, it bring up:

Wages and Income

Deductions and Credits

Other Tax Situations

Federal Review

Smart Check

Which do I select to start entering information from a Schedule K-1 1041 form (income from a trust).  I've been tearing my hair out trying to get it entered in the only place I could clearly see the words "Schedule K-1"  and that was under the "Business Items" section, and it's listed as "Schedule K-1, Q". 

The steps you list don't correspond with what I see on "Your 2019 Income Summary" screen.   I should note I've already entered all my elderly mothers income except from my late step-father's estate and her stocks and bonds (I will import that information later).

Please help me with this.

[LinaJ2020]

The easiest way to enter your Schedule K-1 are as follows:

• Open up your program
• To the right upper corner, in the search box, type in "schedule k1" and Enter
• Select Jump to schedule k1
• Follow prompts

@RFJ @taxchallenged2

[taxchallenged2]

Thank you for your reply.  Had had entered the K-1 information, but didn't realize on the income summary page it would show up in the 1099-int and 1099-div areas.

[rwsymonds9800]

You might want to review these steps the do now work.  the 2023 version is completely different.