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

K-1 FORM

APR11 — Fri, 14 Mar 2025 18:00:58 GMT

Hello,

I was wondering if TT supports the transfer of data from K-1 partnership reports. As conveniently works with financial institutions.

Entering manually is very time consuming

Re: K-1 FORM

rlottsman — Fri, 14 Mar 2025 18:18:59 GMT

Turbo Tax doesn't transfer data from schedule K-1s. You have to make all the entries yourself. 🙂

Re: K-1 FORM

VolvoGirl — Fri, 14 Mar 2025 18:22:41 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.

Re: K-1 FORM

Mike9241 — Fri, 14 Mar 2025 19:12:30 GMT

The answer is no for private partnerships. Maybe if it is a publicly traded partnership that allows you to download an xxx.txf file that can be imported into TurboTax.

here's one such website but I believe a certain accounting firm uses a different one

https://www.taxpackagesupport.com/