Question

My LLC received a K1 and I am using Home & Business software

Forum|Forum|2 years ago
February 25, 2024
1 reply
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My LLC received a K1 and I am using Home & Business software but don't find a place where I can input this K1 for the LLC company. Can you please guide. Appreciate it.

TurboTax Home & Biz Windows

J

JamesG1

To report an IRS Schedule K-1 in TurboTax Desktop Home and Business, follow these steps.

Select Personal across the top of the screen.
Select Personal Income across the top of the screen.
Select I'll choose what I work on.
Scroll down to Business Investment and Estate/Trust Income.
Select Start to the right of Schedule K-1.
At the screen Did you receive any Schedules K-1, select Yes.

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R

raj27Author

No, But the problem is the K1 is not for me...it is for my LLC and in personal section, you don't find an option to choose my LLC name as a receiver. This is where I get confused.