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Level 2
posted Dec 10, 2019 8:06:38 PM

where is the dialog to enter k-1 forms

I'm doing a what-if exercise and want to change a k-1 from last year, how can I go to the section where TT askes me about these and where I can change one?

 

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1 Replies
Level 15
Dec 10, 2019 8:23:31 PM

To enter a K-1 in the Home & Business version go to

Personal

Personal Income

Choose  I'll choose what I work on

Then scroll way down to Business Investment and Estate/Trust Income

Schedule K-1 - 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.

 

To get to a list of your K-1s you can edit…. When you go back the K-1 interview section the first screen says "Do you want to review Schedule K-1?".  You gave to answer yes and then select the Schedule K-1 type (LLC, S corp, trust). The next screen is the Summary screen listing all of the K-1 entered for the type of entity.