topic Re: Importing Limited Partner data into 1065 in Get your taxes done using TurboTax

Importing Limited Partner data into 1065

JB3CM — Sat, 29 Jan 2022 17:50:57 GMT

I have some new partnerships with 65 to 100 limited partners. I have a CSV file with all the setup data. How do I import it in Turbotax for Business?

Re: Importing Limited Partner data into 1065

Anonymous_ — Sat, 29 Jan 2022 18:12:29 GMT

Most likely you will not be able to import partner information into TurboTax Business.

The program's import capabilities are primarily limited to importing from QuickBooks.

Re: Importing Limited Partner data into 1065

JB3CM — Sat, 29 Jan 2022 20:25:56 GMT

Can I import the partner contact information into Quickbooks and then import it into Turbo Tax Business? This would still save a bunch of data input time.

Re: Importing Limited Partner data into 1065

Anonymous_ — Sat, 29 Jan 2022 21:01:55 GMT

That would be a possibility but you might want confirm it by asking on the QuickBooks Community.

https://quickbooks.intuit.com/learn-support/us-quickbooks-community/misc/03/community-us

Re: Importing Limited Partner data into 1065

JB3CM — Sun, 30 Jan 2022 18:38:22 GMT

How do I test importing partner information from Quickbooks Desktop Pro 2021 to Tubo Tax Business?

Re: Importing Limited Partner data into 1065

SweetieJean — Sun, 30 Jan 2022 19:01:24 GMT

I have some new partnerships

Are you a paid tax preparer? Even if not, one of the Intuit professional tax programs might be better for your needs.

Intuit Professional Tax Preparation Software | Intuit Accountants

Re: Importing Limited Partner data into 1065

JB3CM — Sun, 30 Jan 2022 19:02:50 GMT

No, I am not, but I will look into it.

Re: Importing Limited Partner data into 1065

JB3CM — Sun, 30 Jan 2022 19:21:04 GMT

These services look 1040 oriented... I am asking about doing multiple 1065s for my Real Estate investments. I think I will stick to the Tubo Tax Business that I have already purchased for this year.

Thanks away.

Re: Importing Limited Partner data into 1065

Anonymous_ — Sun, 30 Jan 2022 19:37:24 GMT

@JB3CM wrote:

These services look 1040 oriented... I am asking about doing multiple 1065s for my Real Estate investments.

Actually, not services but professional tax preparation software.

One difference is that there are more import options, but you are probably better off sticking with TurboTax Business for your purposes.