Importing K-1 Data from Other Returns

You can export K-1 data from a return and then import the data into another return. The return types you can perform this process for are shown in the table below.

Data exported from this return type.... Can be imported into these types of returns...
Partnership Individual, Partnership, Corporation, S Corporation, or Fiduciary
S Corporation Individual or Fiduciary
Fiduciary Individual, Partnership, Corporation, S Corporation, or Fiduciary

Only one K-1 data set can be imported per return. To evaluate K-1 data in multiple versions of a return, repeat the import process for each version of the return you want to evaluate.

Note: After you've imported K-1 data from a return initially, you might be prompted to reimport K-1 data when you later open the target return. This prompt occurs if the source return was updated, but the changes are not yet reflected in the target return. You do not have to complete the import when prompted. However, the prompt will continue to display each time the return is opened until the data is reimported.

To import K-1 data that is exported from another return, do the following:

  1. Set up the export in the source return.
  2. Export the K-1 data from the source return.
  3. Open the return you want to import to.

    Note: If you are prompted to reimport K-1 data automatically, continue with step 6.

  4. Select K-1 Data > K-1 from Other Returns in the Import group on the Import / Export tab.
  5. Select the source return to import data from. You can click a column header to sort the list by that column if needed.
  6. Click Validate. The system reviews the data in the file to ensure that it can be imported. When validation completes, the Validation log summary displays one of the following messages:
    • Validation succeeded. You can continue with the next step.
    • Validation failed. The data file cannot be imported in its current form. Click Details to view information about why the validation failed. If needed, you can print or copy the log. After viewing the log, you must exit the wizard to resolve the validation issues before trying the import again.
  7. Click Import.

    Important: You cannot cancel an import once it has begun.

  8. When the import completes, click Details to view information about the imported data.

    Note: The detail logs are not retained when you exit the wizard. If you need to keep a copy of a log for your reference, click Print to send the log to a printer. You can also click Copy to add the information to the Windows Clipboard, then paste the log information into another document.

  9. Click Finish.