K-1 FORM

Hello,

I was wondering if TT supports the transfer of data from K-1 partnership reports. As conveniently works with financial institutions.

Entering manually is very time consuming

699

Level 3

Mar 14, 2025 11:18:59 AM

Turbo Tax doesn't transfer data from schedule K-1s. You have to make all the entries yourself. 🙂

Level 15

Mar 14, 2025 11:22:41 AM

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.

Level 15

Mar 14, 2025 12:12:30 PM

The answer is no for private partnerships. Maybe if it is a publicly traded partnership that allows you to download an xxx.txf file that can be imported into TurboTax.

here's one such website but I believe a certain accounting firm uses a different one

https://www.taxpackagesupport.com/

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K-1 FORM