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Level 1
posted Apr 24, 2020 1:24:10 AM

Schedule K-1

Why doesn't TurboTax make the questions asked for Schedule K-1 follow the Schedule that we receive?

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1 Replies
Expert Alumni
Apr 24, 2020 5:25:09 AM

The questions typically do follow the Schedule K-1 fairly closely.  Check to be sure that you selected the correct type of K-1 in the initial K-1 screens.  Look at the top left corner of your K-1 to check which form is being filed with your K-1.

 

Partnerships/LLC will file Form 1065.

 

S Corporations will file Form 1120S.

 

Estates or Trusts will file Form 1041.

 

 

@darazon