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Returning Member
posted Jan 29, 2022 9:50:57 AM

Importing Limited Partner data into 1065

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?

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8 Replies
Level 15
Jan 29, 2022 10:12:29 AM

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.

Returning Member
Jan 29, 2022 12:25:56 PM

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.

Level 15
Jan 29, 2022 1:01:55 PM

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

Returning Member
Jan 30, 2022 10:38:22 AM

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

Level 15
Jan 30, 2022 11:01:24 AM

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

Returning Member
Jan 30, 2022 11:02:50 AM

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

Returning Member
Jan 30, 2022 11:21:04 AM

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.

Level 15
Jan 30, 2022 11:37:24 AM


@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.