I'm set up for auto-renew so I have the 2020 version of Home & Bus, except now that I'm in the Business section, there's no subsection asking for the schedule K1 info this year. It's only showing 1099 options. What happened? Do I have the wrong version, if so what should I be using? And how would that happen with auto-renewal since I input K1 in last year's Home & Business?
THANK YOU SO MUCH!!
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It's in the same place as last year. It is under Personal not business.
To enter a K-1 go to
Federal Taxes Tab or Personal (Home & Business version)
Wages and Income
Then scroll way down to Business items
Schedules K-1, Q - Click the Start or Update button
Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S
Thank you! I was confused when it also said no self-employment tax too... like wait, we do pay that!
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