L.S. Posted March 20, 2009 Report Share Posted March 20, 2009 Have completed Partnership return. Am now ready to complete the 2 partner's personal returns. How do I import this K-1 info? thanks Quote Link to comment Share on other sites More sharing options...
cred65 Posted March 20, 2009 Report Share Posted March 20, 2009 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. Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 20, 2009 Report Share Posted March 20, 2009 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. Quote Link to comment Share on other sites More sharing options...
RJM Posted March 20, 2009 Report Share Posted March 20, 2009 Cool ! I forgot about this feature. Quote Link to comment Share on other sites More sharing options...
samingeorgia Posted March 20, 2009 Report Share Posted March 20, 2009 This is a slick trick! I've used it several times this season and love it. Quote Link to comment Share on other sites More sharing options...
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