there is no efficient way to handle k-1 data unless it's from a publicly traded partnership and they offer a Turbotax export file - XXXXX.txf which you can import (change the name of the file to that of the partnership leaving the.txf. sadly these download as "Turbotax.txf" that will result in one big mess if you don't. Warning!!!!!! if you can import you are responsible for the accuracy. Usually some items need additional work, especially in the QBI.199A area. If the k-1 reports excess business interest expense - Turbotax does not handle this nor does it even include form 8990 which is required. also K-3 info is a separate package that doesn't import.
however, Turbotax asks for more info that is needed certain parts can be skipped like item B except for name, C all J,K and L items - It dioesn't use them and they are not reported. The other thing you are on your own is if there are losses and they exceed your at-risk amount or basis. Turbotax does do at-risk form 6198, but tax basis can be different than at-risk and Turbotax asks nothing about this.
