topic Re: K-1 PARTNERSHIP DATA in Get your taxes done using TurboTax

K-1 PARTNERSHIP DATA

APR11 — Fri, 14 Mar 2025 17:52:56 GMT

Hello,

I was wondering if TT could import the K-1 data directly from the partnership (similar with 1099-INT etc.).

Thank you much

Re: K-1 PARTNERSHIP DATA

VolvoGirl — Fri, 14 Mar 2025 17:54:37 GMT

You can only import a K-1 to the Windows Desktop CD/Download Software, not to Online version and if you can get a .txf file for it and in the right format. Apparently you can only import K-1s for MLPs and not Trusts or Estates. You can not import a K-1 from Turbo Tax Business Program.

To enter a K-1 go to

Federal Taxes Tab or Personal (Home & Business version)

Wages and Income

Scroll down to S-corps, Partnerships, and Trusts or to Business items

Schedules K-1, Q - Click the Start or Update button

Be sure to pick the right kind of K-1. There are 3 kinds, 1041, 1065 & 1120S

Enter each k-1 separately.

Re: K-1 PARTNERSHIP DATA

APR11 — Fri, 14 Mar 2025 18:16:36 GMT

Thank you much.

it is indeed an MLP and the form is 1065.

I am using the Windows dowloaded version. I will try, maybe it will work.