turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

K1

Updated my desktop software as of 2/25 and still cannot find a K1 anywhere or the forms to generate the K1.  With the filing date moving closer I sure hope you will have something soon for paying customers.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Critter-3
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

K1

If you need to complete a partnership form 1065 or a  Corporate form  1120-S then you must use the TT BUSINESS program not the HOME & BUSINESS personal tax program. 

View solution in original post

4 Replies
Critter-3
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

K1

If you need to complete a partnership form 1065 or a  Corporate form  1120-S then you must use the TT BUSINESS program not the HOME & BUSINESS personal tax program. 

K1

You're kidding, I cannot file for an LLC using the "business" home edition??

K1

What type of LLC?  Multi-member or Single member? 

If Single member LLC has the LLC been incorporated in their state?  If not, the single member LLC is a disregarded entity and does not issue a Schedule K-1, they report their income on a Schedule C which is included in the Home & Business edition.

 

If a Multi-member LLC or a Single member LLC that has incorporated in their state as a S Corporation then you would have to use the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/cd-download/

K1

No, I am not kidding ... if  your LLC is incorporated or a partnership you must use the program for those forms.  If you are a single member LLC you report the income on a Sch C which is in the program you already have. 

 

Please read the screen here :   https://turbotax.intuit.com/personal-taxes/cd-download/

 

Note the choice for Partnership/corporation will bring the correct program into view. 

 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question