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Returning Member
posted Mar 30, 2021 12:10:39 PM

Where is Form 1065?

I have received a K1 which requires entries in the Form 1065.  I cannot find that form and cannot download it.  Why not?

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4 Replies
Level 15
Mar 30, 2021 12:12:31 PM

A Form 1065, U.S. Return of Partnership Income can only be completed and filed using the TurboTax Business Edition - https://turbotax.intuit.com/small-business-taxes/

 

Did you complete and file the Form 1065?

Returning Member
Mar 30, 2021 12:20:08 PM

I have filed Fms 1065 with TT in the past, but I do not have the business edition this year.

Level 15
Mar 30, 2021 12:22:43 PM

Do you need to enter the K-1 into your personal return?

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

Enter each k-1 separately.

Level 15
Mar 30, 2021 12:24:01 PM


@USAFA68 wrote:

I have filed Fms 1065 with TT in the past, but I do not have the business edition this year.


So the Schedule K-1 is for tax year 2020?  Then someone had to complete a Form 1095 for the Schedule K-1 to be generated.

Are you only needing to know where to enter the 2020 Schedule K-1 from the form 1065?