Schedule K-1 (Form 1120-S) - Entering in Program

To enter or review information from Schedule K-1 (Form 1120S) S-Corporation Income:

  1. From within your TaxAct return (Online or Desktop), click Federal. On smaller devices, click the menu icon in the upper left-hand corner, then select Federal
  2. Click Business Income  in the Federal Quick Q&A Topics menu to expand the category and then click S-Corporation Income (Form 1120S Schedule K-1)
  3. Click +Add S Corporation Schedule K-1 to create a new copy of the form or click Review to review a form already created 
  4. The program will proceed with the interview questions for you to enter or review the appropriate information