TurboTax 2022 Form 1040 - Publicly Traded Investment (PTP) Schedule K-1

How to file your taxes with TurboTax?

In this video, I cover how to enter a Schedule K-1 from a publicly traded partnership (PTP) investment for an individual taxpayer.

PTPs are publicly traded securities, but the entity itself is not subject to taxes. The owners of the PTP (i.e., shareholders) receive a Schedule K-1 and report the income & expenses on their tax returns.

PTP K-1s can be quite complex with a lot of information and footnotes. It is important to completely review your Schedule K-1 and capture all of the information that applies to your circumstances. Very often, the K-1 will include information that is irrelevant to your situation.

Did you sell your PTP investment during the year? View our video here on the relevant gain/loss adjustments:
   • How to Record Sale of Publicly Traded...  

For other TurboTax 2022 tutorials videos, please see the following playlist:
   • TurboTax Form 1040 Tutorials for 2022...  

For a larger database of tutorials, please visit our website and search for your question:
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