Turbotax k1 which version

Search instead for. Did you mean:. New Member. Or Deluxe is covering that form? I'm using the download version purchased from Amazon. Topics: TurboTax Deluxe Online. Accepted Solutions. Intuit Alumni. Click Yes on the next screen, Schedules K-1 or Q. If you have already entered K-1 information, you will see a Summary screen.

Click Add Another K-1 to enter your information or click on Edit to continue with the existing form entry. Know what dependents credits and deductions you can claim Get started. Know what tax documents you'll need upfront Get started. Learn what education credits and deductions you qualify for and claim them on your tax return Get started.

The above article is intended to provide generalized financial information designed to educate a broad segment of the public; it does not give personalized tax, investment, legal, or other business and professional advice. Skip To Main Content. What is a Schedule K-1 Tax Form? Schedule K-1 for S corporations Similar to a partnership, S corporations must file an annual tax return on Form S. K-1 Forms for trust and estate beneficiaries Trusts and estates use Form to file their tax returns.

In this case, the beneficiaries receive a K-1 that shows the income that they need to report on their own tax returns. Whenever a beneficiary receives a distribution of income, the trust or estate reports a deduction for the same amount on its This keeps the trust or estate from being taxed on this income so that the income is only taxed once.

Here is some added information on k-1 Unlike W-2 and forms which are usually delivered by February, your K-1 may not arrive until March, April, or even later. If you haven't filed yet: Open your return in TurboTax. To do this, sign in to TurboTax and then click the orange Take me to my return button.

In your TurboTax program, search for K-1 or K1 lower-case works too and then click the "Jump to" link in the search results. Note: You may be prompted to upgrade to Premier, depending on which version of TurboTax you're using. You can, however, import your B statement for stock sales using Deluxe Desktop or Online. Look under Wages and Income and import your brokerage statement by click start next to ' Investment Income '. You will be able to import if your institution is on the list.

View solution in original post. Why sign in to the Community? Submit a question Check your notifications Sign in to the Community or Sign in to TurboTax and start working on your taxes.