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Schedule K-1 (Form 1120-S) - Entering in Program
1
To enter or review information on Schedule K-1 (Form 1120-S), Shareholder’s Share of Income, Deductions, Credits, etc., follow the steps below. 
Online
Dashboard
  1. From within your TaxAct return, click Income. 
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
  2. Click the Business & Self Employed drop-down.
  3. Click Add beside S Corporation Income (Schedule K-1). 
  4. Complete the rest of the interview process. 
Classic
  1. From within your TaxAct return, click Federal. 
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection.
  2. Click the Business Income drop-down, then click S Corporation income (Form 1120S Schedule K-1).
  3. Complete the rest of the interview process. 
Desktop
  1. From within your TaxAct return, click Federal. 
  2. Click the Business Income drop-down, then click S Corporation income (Form 1120S Schedule K-1).
  3. Complete the rest of the interview process.