Question

K-1 FORM

Forum|Forum|1 year ago
March 14, 2025
3 replies
0 views

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

R

rlottsman

Employee

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

VolvoGirl

Employee

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.

M

Mike9241

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/