Where do I report the self-employment earnings(loss) from Schedule K-1 (form 1065) in turbo tax. I've initially put it as a 1099-K but I don't think that's right. I can find no section for LLC partnerships. Thanks.
To enter a Schedule K-1
Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Business Items (Business Investment and Estate/Trust Income using Home and Business)
On Schedule K-1, Q click on the start or update button
Or enter k-1 in the Search box located in the upper right of the program screen. Click on Jump to k-1
Thanks. I cannot find where it says Federal Taxes. I searched through each tab and its respective listings, as well as the tabs across the top. Would I just look under Wages?
I found it! I clicked the "Federal Review" tab under "Personal." Then, when it asked "Have you entered all your tax forms and papers?" I clicked no and then it gave me a list of forms to search through. I found the Schedule K-1 (form 1065) under that. Thanks!