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April 11, 2024
Question

Where do I enter my Schedule K1 from an Investment Club?

  • April 11, 2024
  • 1 reply
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1 reply

SharonD007
April 11, 2024

To enter your K-1, follow the steps below:

 

  1. Open TurboTax
  2. Enter K-1 in the Search Bar, and select Jump to k-1 link
  3. On the Schedules K-1 screen, select Yes
  4. Select Yes, on the Did you receive any Schedules K-1? Screen
  5. Select Start next to the type of K-1 that you have and enter the information.

 

If you are using TurboTax Desktop, review the TurboTax article Where do I enter a Schedule K-1 that I received?

 

The income entered from your K-1 appears on line 17 on form 1040 - Rental real estate, royalties, partnerships, S corporations, trusts.

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