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Level 1
March 6, 2023
Question

Re: Form 1041

  • March 6, 2023
  • 1 reply
  • 4 views

I am using Turbotax premier.  I need to use for 1041 schedule k-1.  I can't find where I can input this data.  How do I proceed?

    1 reply

    rjs
    Level 15
    Level 15
    March 6, 2023

    What do you mean by "use" Schedule K-1? Did you receive a Schedule K-1 from a trust or estate, and you need to enter the Schedule K-1 in your personal Form 1040 tax return? Or are you trying to create a Schedule K-1 for a beneficiary of a trust or estate?


    If you have to enter a Schedule K-1 that you received, type k-1 in the Search box, then click the link that says "Jump to k-1."


    If you are trying to create a Schedule K-1, you can't do that with TurboTax Premier. Schedule K-1 is created as part of the Form 1041 tax return for a trust or estate. To prepare a Form 1041 tax return you have to use TurboTax Business (not Home & Business).