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Unaskedforopinion
Lv 6
Unaskedforopinion asked in Business & FinanceTaxesUnited States · 6 years ago

Does Turbotax handle K1?

Update:

I receive profit from my business annually, so I get a K1 issued to me. My question is can I buy the regular Turbotax (and it will handle K1 income), for joint filing my wife and my taxes, or is Turbotax really just for very very simple tax profiles?

2 Answers

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  • Anonymous
    6 years ago

    yes - If you received a Schedule K-1 and need to enter it in TurboTax, search in TurboTax for K1 or K-1 (with or without the dash, upper or lower case K).

    This will take you to the Schedules K-1 or Q screen. Answer Yes and follow the prompts.

  • tro
    Lv 7
    6 years ago

    probably not the free version you can use on their web site

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