Can I import my K-1's in turbotax premium online version.

[guysheetz]

I cannot seem to navigate to find this option

[LenaH]

You can enter your K-1's with TurboTax Online Premium.

To do so, please follow the instructions below:

1. Open or continue your return.
2. Go to K-1.
3. On the Schedules K-1 or Q page, select Yes.
4. On the Did you receive any Schedules K-1? page, select Yes.
5. Select Start next to the type of Schedule K-1 form you have, and enter your information.

[VolvoGirl · Accepted solution]

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.

ps....you don't enter K-1s you get for IRA, 401K or retirement accounts.