Schedule K-1 (Forms 1065, 1120-S, and 1041) – Number of Forms Supported
The TaxAct® 1040 program supports the following number of Schedules K-1:
- 50 – Partnership Schedule K-1 (Form 1065) Partner’s Share of Income, Deductions, Credits, etc.
- 50 – S-Corp Schedule K-1 (Form 1120-S) Shareholder’s Share of Income, Deductions, Credits, etc.
- 8 – Estate Schedule K-1 (Form 1041) Beneficiary’s Share of Income, Deductions, Credits, etc.
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