Level 2

My single member S corp received a k-1 from a partnership. Where do I record the K-1 info on the 1120s

Forum|Forum|2 years ago
April 17, 2024
1 reply
9 views

I own a single member S corp. I am also a 50% partnership in a partnership. I'm uncertain to record the K-1 data from the partnership on my S corp 1120s. The k-1 only has a net loss on line 1 for this year.

Tax Talk

BobKamman

Level 15

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

J

jd2004Author

Level 2

Thank you. I'm actually trying to complete the 1120s for my sister's tax return 1120s.

qbteachmt

Level 15

"I'm actually trying to complete the 1120s for my sister's tax return 1120s"

Which program?

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer using TurboTax. Please visit the TurboTax Help site for support.

And try this screen, for the various topics (subforums): https://ttlc.intuit.com/community/discussions/discussion/03/302

Your sign in user info here is the same one you can use over at the TurboTax forum.

Thanks.

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