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Level 2
posted Mar 14, 2025 10:52:56 AM

K-1 PARTNERSHIP DATA

Hello,

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

Thank you much

0 2 884
2 Replies
Level 15
Mar 14, 2025 10:54:37 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.

 

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.

Level 2
Mar 14, 2025 11:16:36 AM

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.