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Category: Other Tax Forms

Schedule K-1 (Form 1120S) - Shareholder's Share of Income

If you received a Schedule K-1 (Form 1120S) as a shareholder, you can enter this in your TaxSlayer account by selecting Income Menu > Other Income > K-1 Earnings > Schedule K-1 (1120S). The Schedule K-1 you receive should only reflect your share of income, deductions and expenses as applicable.

TaxSlayer will automatically carry the figures that you enter to the appropriate places on your return. If you would like to know where to look for each item, please refer to the instructions for entering information from your Schedule K-1 Form 1120S. Below are links to IRS forms. These may be helpful in completing the entry of your Schedule K-1.

Shareholder's Instructions for Schedule K-1 (Form 1120S)

Blank Schedule K-1 (Form 1120S) - Also includes descriptions of each box/section and explanations of where each item should be reported.

Note: Some items reported on your Schedule K-1 (Form 1120S) may need to be entered directly into a specific form instead of the K-1 entry screen. Please refer to the links above to find out if this is case for any items that do not have an entry field located in the K-1 entry screen.

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