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ProWeb – Form 1040 – Schedule K-1 (Form 1120S) Overview

For overview information about the Schedule K-1 (Form 1120S) click here.

To enter a K-1 (Form 1120S) in Keystone Tax Solutions from the Main Menu of the Tax Return (Form 1040) select:

  1. Federal Section
  2. Income Menu
  3. Other Income
  4. K-1 Earnings – Select ‘Begin’ next to Schedule K-1 (Form 1120S).

NOTE: This is a guide on entering Schedule K-1 (Form 1120S) into the Keystone Tax Solutions program.  This is not intended as tax advice.


Additional Resources:

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

ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Entity Information

ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Income

ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Deductions

ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Credits

Updated on September 9, 2020

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