I received a schedule k-1 (form 1065) for an investment I owned. I downloaded an electronic file but don't know how to import it into turbo tax so I don't have to enter it manually.
DOWNLOADING & IMPORTING MLP/PTP PARTNERSHIP K-1s
You must first log in to www.taxpackagesupport.com (or equivalent K-1 provider for MLPs and PTP partnerships) with your email address and your password. IF you have not yet created an account, do that first.
Then, once logged in you will see a list of the many MLP PTPs supported on the left and on the right a list of availability dates for the K-1 packages.
If yours is available and click on it and provide the verification information that PWC/TaxPackageSupport requires. Once validated, you will see a screen showing both PDF for downloading the entire partnership tax package (do it and keep it as a record) and to the right an icon to down load the TXF file.
See 11 page PDF walk-through example.
Delete the prior year K-1 - it will be obvious because all its financial fields will be blank
The official answer for those who are online users is here:
Note that you must take care to delete the prior year and not current year form and its worksheets.
DELETING AN IRRELEVANT OR PRIOR YEAR K-1 IF USING Desktop software TurboTax
I'll give a plug for using the desktop software instead! Like most if not all "superuser" volunteers here, I use and can explain how to do this with the Desktop software which allows you to go to Forms Mode and actually see each form and its worksheets and gives a much simpler access to deleting forms that are wrong or irrelevant or carried forward from prior year and no longer needed.Easiest way is to go to Forms Mode and open the K-1s and the one that is totally empty of financial data after you imported one this year can be deleted.