Being able to create or generate the Schedule K-1(1065) on QuickBooks Online (QBO) is currently unavailable. Even so, you can still visit the IRS website or refer to this link to download the form: https://www.irs.gov/forms-pubs-search?search=k1.
Afterward, you can run a report named Transaction List by Vendor. You can use this report if you set your partner as a Vendor. This allows you to get the required information in the K-1 Form and complete or process this manually.
You can also browse our Reports page to see other reports that are available in QBO: Reports in QuickBooks.
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