Do you have a Schedule K-1 to enter?

Schedule K-1 is a common form used to report income, deductions, and credits passed through to you from certain entities. You should receive a K-1 if you are:

• A partner in a partnership (Form 1065)
• A shareholder in an S-corporation (Form 1120S)
• A beneficiary of a trust or estate (Form 1041)

Each type of K-1 corresponds to a different source of pass-through income and must be entered accurately to ensure proper federal and state reporting.

Program Entry 

To enter your Schedule K-1:

1. Go to the Federal section.
2. Select Income, then choose “Select my forms.”
3. Select Less Common Income from the Income page
4. Choose K-1 Earnings
5. Choose the appropriate K-1 type:
   • Form 1065 – Partnership K-1
   • Form 1120S – S-Corporation K-1
   • Form 1041 – Trust or Estate K-1

📘 For detailed help entering each type of K-1, select the corresponding guide within the program interface.