To enter or review information on Schedule K-1 (Form 1120-S) Shareholder’s Share of Income, Deductions, Credits, etc.:
- From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
- Click the Business Income dropdown, then click S-Corporation income (Form 1120S Schedule K-1).
- Click + Add S Corporation Schedule K-1 to create a new copy of the form or click Edit to review a form already created (desktop program: click Review instead of Edit).
- Continue with the interview process to enter your information.