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remcpabsg
Level 2
October 7, 2021
Question

1065 K-1 Import

  • October 7, 2021
  • 1 reply
  • 7 views

H & W are both members of multiple LLCs.  When importing K-1 from a 1065, do I need to create a separate new import for each ("Add New Partnership K-1")?  Appears if I select an existing K-1 (previously imported) the software simply overwrites the last import.  Thanks.

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1 reply

George4Tacks
Level 15
October 7, 2021

Sometimes it is just easier to input the k-1, but you should be able to do an import for TP, then when done, import for SP. https://proconnect.intuit.com/community/import-or-export-data-files/help/how-do-i-import-k-1-information-into-an-individual-return/00/4364

 

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remcpabsg
remcpabsgAuthor
Level 2
October 8, 2021

I ended up importing the husband and wife K-1s into separate forms in the software (for same 1065) and that seems to work.  But I do note that even though I select the partner during import, I still have to check the taxpayer or spouse radio button once imported.

Thanks.