Where do I enter a Schedule K-1 that I received? (2024)

Schedule K-1 is a federal tax document used to report income from pass-through entities including partnerships, S corporations, estates, trusts, and LLCs.

Your Schedule K-1 may not arrive until March, April, or even later. This is because the pass-through entity needs to complete their tax return before they can distribute K-1s.

Recipients report the Schedule K-1 on their own personal tax returns. To enter your K-1 information, select your version of TurboTax and follow the instructions provided:

TurboTax Online

  1. Sign in to TurboTax.
  2. Open or continueyour return.
  3. Select Search, enter K-1 and select the Jump to k-1.
  4. On the Schedules K-1 or Q page, select Yes.
  5. On the Did you receive any Schedules K-1? page, select Yes.
  6. Select Start next to the type of Schedule K-1 form you have, then enter your information.
  7. Continue through the questions until all your info is entered.

TurboTax Desktop

  1. Open TurboTax and continue your return.
  2. Using the search bar, type K-1 and select the Jump to link in the search results.
  3. This will take you to the Schedule K-1 and Schedule Q screen.
  4. Select I’ll choose what I work on and continue until you reach the Your 2023 Income Summary screen.
  5. Select Start next to Schedule K-1 under Business Investment and Estate/Trust Income.
  6. Answer Yes and answer the questions about your K-1.

Where do I enter a Schedule K-1 that I received? (2024)
Top Articles
Latest Posts
Article information

Author: Wyatt Volkman LLD

Last Updated:

Views: 5768

Rating: 4.6 / 5 (46 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Wyatt Volkman LLD

Birthday: 1992-02-16

Address: Suite 851 78549 Lubowitz Well, Wardside, TX 98080-8615

Phone: +67618977178100

Job: Manufacturing Director

Hobby: Running, Mountaineering, Inline skating, Writing, Baton twirling, Computer programming, Stone skipping

Introduction: My name is Wyatt Volkman LLD, I am a handsome, rich, comfortable, lively, zealous, graceful, gifted person who loves writing and wants to share my knowledge and understanding with you.