How do I upload Schedule K-1 data?

Forum|Forum|6 years ago
February 26, 2020
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TurboTax Self Employed Online

Irene2805

Level 15

Unfortunately, you won't be able to upload/import a K-1 (txf file) into an online version of TurboTax.

If you are able to download the K-1 data into a txf file, you can import it into the CD/Download version of TurboTax. Some firms provide the txf and others do not. See this TurboTax Help article for details: How do I import from the .txf file?

Here is how you would enter the information manually: Where do I enter a K-1 that I received?

dofudong

Level 2

When will this be resolved for Turbotax online which is a MUCH MORE expensive service than the desktop software. I'm in disbelief that we cannot upload .txf K1 data onto Turbotax online.

Critter

Level 15

The ONLINE system will probably never have that option ... and it is more expensive than the Downloaded version so you should switch to the superior downloaded Deluxe version instead of using the online Premier version ... you can switch now and continue your return ... Deluxe is all you need (Basic if you don't need to file a state return) since all the downloaded versions can handle all the same information:

If you haven't paid, you can purchase a desktop version (CD/download) from TurboTax here:

https://turbotax.intuit.com/personal-taxes/?view=desktop

If you have already input a considerable amount of data into your online return, if you wish you can move the 2015 data file to your desktop and finish it in the desktop software without having to start over.

https://ttlc.intuit.com/questions/1901476-how-do-i-switch-from-turbotax-online-to-the-turbotax-softw...