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Level 2
March 14, 2025
Question

K-1 PARTNERSHIP DATA

  • March 14, 2025
  • 1 reply
  • 7 views

Hello,

I was wondering if TT could import the K-1 data directly from the partnership (similar with 1099-INT etc.).

Thank you much

    1 reply

    VolvoGirl
    Level 15
    March 14, 2025

    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.

    APR11Author
    Level 2
    March 14, 2025

    Thank you much.

    it is indeed an MLP and the form is 1065.

    I am using the Windows dowloaded version. I will try, maybe it will work.