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booatx
Level 1

How do I print the K-1 or 1065 form?

How do I access or print the K-1 or the 1065 form for partner tax purposes?

11 Comments 11
JessT
Moderator

How do I print the K-1 or 1065 form?

Hi booatx,

 

The form 1065 is not supported in QuickBooks Desktop Payroll. You may want find an Proadvisor  who can help you create this form using their QuickBooks version.

 

We'll just around if you have other questions.

 

 

booatx
Level 1

How do I print the K-1 or 1065 form?

I have quickbooks Desktop Pro with Payroll enhanced support.  Is it not available in that program version?

booatx
Level 1

How do I print the K-1 or 1065 form?

I own Quickbooks Desktop Pro with Payroll enhanced.  Is it not available in this version?

KarenEdithL
Moderator

How do I print the K-1 or 1065 form?

Hi @booatx,

 

Right now, QB Desktop Pro with Payroll enhanced doesn't support the K-1 or 1065 form. However, you can check our TurboTax product that support this filing. 

 

Let me know if you need further assistance. I'm always happy to help!

qbteachmt
Level 15

How do I print the K-1 or 1065 form?

That is Not a QB function at all. K-1 is an Income Tax form. The K-1 is produced from a Tax Program. The Business Entity has its tax form of 1065 or 1120S prepared, which results in the K-1 being distributed to partners, members and/or shareholders of that Entity. QB is a Bookkeeping program with payroll forms. Not an Income Tax Program with Income Tax forms.

booatx
Level 1

How do I print the K-1 or 1065 form?

So, I realize that I will have to purchase the physical forms such as the 1065 and the 1099, but I need to know how to prepare the software to print the form.  I have never needed this particular form before so I am not familiar.  I have purchased the 1099 form in the past.  

qbteachmt
Level 15

How do I print the K-1 or 1065 form?

A 1065 is the Tax Return for a Partnership or Membership. If you want to do the tax return manually, you can get the form from the IRS. Otherwise, you want a Business Income Tax Preparation program. It isn't "just" a form, but the Tax Return. Think of this as "1040, but for the Business and not an individual."

 

1099 forms are not Tax Preparation, but part of Informational reporting. There are various types of 1099. Typically, a business person will use 1099-Misc to report to the IRS, those vendor names to whom they paid for services, for rent, royalties, medical services, law firms, and other types of payments that would be reported as expense for the business, and it is supposed to be reported by the business making the payments when the payments were checks or cash.

booatx
Level 1

How do I print the K-1 or 1065 form?

I do have H&R Block premium & business. That is the program that asked for the form.  I will talk to the H&R Block folks and find out more from them.  

Thanks!

qbteachmt
Level 15

How do I print the K-1 or 1065 form?

H&R Block is a Tax Preparer business. You are in a QuickBooks User Forum. The QB tools are your accounting tools. You then use your reports to enter the tax data into the tax preparation program. You don't Start with a K-1 or a 1065; for business, you are using the raw data to Prepare the 1065. That will also provide individual K-1 to each invested person for their use as Raw Data going into their 1040.

 

And if you didn't know this part, you should never be working on your own taxes.

booatx
Level 1

How do I print the K-1 or 1065 form?

Yep! That is why I said I will now defer to a different source.  No need to get condescending.  My point was that I no longer need help with this question.  Thanks, but I am done here.  

booatx
Level 1

How do I print the K-1 or 1065 form?

Last time I come to this forum.

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