How to import K-1 info

[L.S.]

Have completed Partnership return. Am now ready to complete the 2 partner's personal returns. How do I import this K-1 info?

thanks

[cred65]

Have completed Partnership return. Am now ready to complete the 2 partner's personal returns. How do I import this K-1 info?

thanks

Open the individual partners return.

Click "Returns" in upper left border.

Click on "Import K-1 Data" 10th item down.

[kcjenkins]

Open the personal return. Then, go to the Returns menu [first one on the left], when that drops down you will see, about in the middle "Import K-1 Data". Click on that, it will then find any and all K-1s for the t/p in that 1040. Put a check mark by them, click on the button at the bottom of that screen that says Import the marked K-1s. Then go to the K-1 input sheet and check that all came in as it should.

The only 'adjustment' I have needed to make was when a K-1 had both ordinary and rental income or loss. The import puts both in the same column, while the program wants them in separate columns. So I just move the rental to another column, and I am good to go.

[RJM]

Cool ! I forgot about this feature.

[samingeorgia]

This is a slick trick! I've used it several times this season and love it.