Importing K-1 info

[wjexchange]

I exported my K-1 information from my two Master Limited Partnerships. Now, how do I populate my TurboTax return with the numbers from my K-1?

[Mike9241]

from the file link

import

from accounting software

select other financial software (TXF file)

then the click blue continue link

select the item

import now

WARNING Carefully check the actual K-1 against what was imported. I found year after year certain items

don't transfer completely and need some manual input

line 11 codes A,B, I

line 13, codes J, R, W

line 15 codes E, F, G, M, P

k-3  - may not be included as part of the k-1 package and may not be applicable in your situation

line 20 codes D, L, E T, AH, certain reporting is not even applicable to many taxpayers

certain lines Turbotax can not handle.  noted with an *  - not provided for in the program manually enter on the appropriate form.

[wjexchange]

Thanks. Reply was very helpful. I was really disappointed with Turbotax's handling of K-1 forms for 2022 tax year. 2021 was seamless. I did import the txf files, but really none of the data transferred; only the basic company information. I have used TT continually since 1995 but they seem to have taken a step backwards.