In Turbo Tax right after Business income the next section is for Schedules K-1. What are they looking for there since my expenses have not been entered yet? i
A
Anonymous
March 4, 2025
Question
In Turbo Tax right after Business income the next section is for Schedules K-1. What are they looking for there since my expenses have not been entered yet? i
Are you wanting to prepare an IRS Schedule K-1? Or are you wanting to report income, expense and credit information from an already completed IRS Schedule K-1?
Are you using TurboTax Business? TurboTax Online? TurboTax Desktop? Please clarify.
There are three different kinds of K-1’s that can be prepared by TurboTax software and entered into TurboTax software.