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Level 1
October 16, 2023
Question

Can I import a K1 in a pdf format?

Does turbo tax online ,or mobile app allow me to import my K1 tax document in pdf format?

2 replies

rjs
Level 15
Level 15
October 16, 2023

TurboTax does not allow importing of Schedule K-1 in any format, PDF or anything else. You have to enter your Schedule K-1 manually.

 

Mike9241
Level 15
Level 15
October 16, 2023

certain Publicly Traded Partnerships partner with Turbotax to allow import of their K-1

the initial website is  

https://www.taxpackagesupport.com/ you then use the link to log into the k-1 website. after signin in look for 

3 ... (going down) click on it to see if there's a download for Turbotax 

Chrome works, I don't think Edge does as the browser that must be used. 

 

any way after clicking on those 3 dots look for the link that says "export to turbotax". the format will be a TXF file not a PDF. click on the link and then download. (notice the folder it's downloaded to) note only the k-1 will be downloaded no states no K-3. 

once downloaded rename it to the name of the partnership otherwise if you had it last year the import will not be to the old K-1 but a new one. 

 

i note that as of today certain of these have turn off the ability to export to Turbotax

 

if it's available and you want to import

 

in turbotax click on the file tab

then import

select from accounting software

select other accounting software (.txf)

continue

you may need to browse to find the file

select it

then import now

 

note that once the import is complete you may still need to  work on the k-1 to complete all info such as 199A, certain line codes with multiple possibilities and possibly other info

 

 

is it worth it vs manual entry?  a matter of personal judgement

 

 

Mike9241