How to Report a K-1 Statement on a 1040 Form

1). Enter any interest income on the K-1 form line 1 on line 8a of the 1040 form. Ordinary dividends on line 2a of the form are entered on line 9a on the 1040 form. Amounts on line 2b of the K-1 form are entered on line 9b on the 1040.
2). Enter amounts on line 11d -- net operating loss carryover-regular tax -- on line 21 of the 1040 form.
3). Enter the amounts on line 13a -- credit for estimated taxes -- on the K-1 on line 62 on the 1040 and line 13b amounts -- credit for backup withholding -- on line 61 on the 1040 form.
4). Enter amounts made on line 14a (tax exempt interest) on the K-1 on line 8b of the 1040 form. Any amounts made on line 14b (foreign taxes) of the K-1 are entered on line 47 of the 1040 form or on Schedule A, line 8, if you itemize deductions.