How to use K-1

[HappyBen]

I got 1099 from Robinhood, which listed all my stock activities in 2021 including interest/dividend and import into turbotax automatically. while, ET sent me K-1. should i file K-1 again? is K-1 covered by 1099?

[AamilD]

No, K-1 is not part of 1099 and you will have to input that information separatly. 

To enter the K-1 Information, please follow the steps below:

1. Click on Tax Home from Left Side Menu.
2. Click on Wages & Income from main screen.
3. Scroll down till you see the section for "S-corps, Partnerships, and Trusts". Within this section, there will be an option for Schedule K-1. You will input the information here.