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jmanley7
October 11, 2023
Question

How do I print a K1 for an officer?

  • October 11, 2023
  • 2 replies
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2 replies

J
Just_me
October 11, 2023

You can go to https://www.irs.gov/pub/irs-pdf/f1065sk1.pdf  and print that one, if nothing else. 

G
GenmarieM
October 11, 2023

 

Welcome here in the Community, @jmanley7.

 

At the moment, it is not possible to generate the K-1 form using any QuickBooks product. However, you can directly download the form from the IRS website. After downloading the form, run financial reports on your account and use the information to manually process the form.

 

Here is the link where you can download the form: https://www.irs.gov/forms-pubs-search?search=k1

 

You can visit this link to provide some details about features and options in each version of QuickBooks: QuickBooks Comparison Chart

 

 

Visit here again if you have other questions or concerns about QuickBooks. I'm always here to lend a hand.

C
candice0517
March 25, 2025

What financial reports will be needed & what details are useful for completing a K1?

    FishingForAnswers
    FishingForAnswers
    March 25, 2025

    @candice0517  A K-1 is a form resulting from the preparation of an 1120S (S-Corporation) or 1065 (Partnership) income tax return.

     

    While you could technically prepare one without doing said income tax returns, by the time you had the necessary information, you'd do just as well to do the return and generate the K-1s.

     

    At any rate, the relevant details are usually as follows:

     

    P&L for the correct year

    % of ownership and other relevant %s

    As necessary for the 199A, the profit, depreciation basis, and wages for the officers in question

    Various other bits and bobs

     

    Really though, whoever you have doing your business return should be able to provide the K1s without issue.

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