Importing 1 or more K1's that you from MLPs into TurboTax
Can't for the online version. Can for the download Premier version. I think you can for download Deluxe too, but to get the guided interview questions, it must be Download/CD Premier version.
How to?
1. First, download all your K1 .txf files to your local harddrive. Most can be found at www.taxpackagesupport.com.
a. Find your first one from the list at said URL. Login, where you download your tax package, go the 3 vertical dots, and choose "Export to TurboTax" and save to your local harddrive. I renamed each file because I had many K1s. For instance for USAC, I renamed the file "turbotax.txf" to "USAC_turbotax.txf".
b. logout.
c. Choose the next MLP security, login to that and download that one too same way you did with the previous K1.
d. Repeat above steps till all your K1s are downloaded onto your local harddrive.
2. Back in TurboTax Premier Download, you see at the top, File, Edit, View,.... choose "File".
3. Import > From Accounting Software
4. A box should appear. Choose "Other Financial Software (TSF file) and follow the onscreen prompts.
You can only import one K1 at a time. To get them all, do the first one, then go back to
File -> Import > From Accounting Software - repeat the steps you did before to get the next one. Again and again till you have all your K1s imported into Turbo Tax.
I hope this helps. I had a hard time finding these steps with my searches in this community.
