Can I import a K-1 into my tax return.

[JEFFETT]

select File>>Import>>From Accounting Software>>Other Financial Software (TXF file)1st download your txf files from https://www.taxpackagesupport.com/ (assuming your MLP has their K-1's there).

Above is a screenshot of where the tab is buried in TurboTax to import your txf file. You can click on the screenshot to enlarge it.  The tab where you'll find the import option is under"File", up in the Top/left corner of your screen.

After clicking on "File/Import/From Accounting Software, choose "Other Financial Software (TXF. file)" and browse your computer for the files you downloaded earlier from Tax Package Support (assuming your MLP has K-1 info uploaded there.  My 5 companies did).  My info from Tax Package Support was in my downloads folder, and I had 8 different files.  Four K-1's from the same company that was held in 4 separate accounts, plus 4 more K-1's from 4 other different MLP's.   Import each one into TurboTax separately and fill in the missing info that doesn't get imported (I had a couple of things, one of which was some info in box 20 that I had to input by hand).

Take your time and practice patience 😆.  I had a box (rental income) get checked by default that then wanted me to fill in additional info.  Took me a bit to figure out where the hiccup was until I realized that MLP didn't have any rental income, so the additional info wasn't necessary.  Once I unchecked that box, the request for additional info went away.  So double-check the info that was uploaded against the K-1's you were mailed (or printed out).  K-1's are still cumbersome, but the ability to upload most of the info into TurboTax and have most of it populate the form is a big timesaver. 

[RPoston1]

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.