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So Ive seen people mention that you can import a K-1 into the 1040...Im only finding instructions for Lacerte in the Knowledge Base

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Level 15
Level 15

Ive never tried to import a K-1, they're generally easy to type in, but this year I have a partnership that sold off all their assets and I have a list of assets with 179 dispositions, thinking an import into their 1040 returns sure would save me some typing.

I find Lacerte instructions https://intuitcorp.quickbase.com/db/bjbbcmui8?a=dbpage&pageID=6&qa=true&rid=72

Does ProSeries have the same ability to import a K-1?  and will this be part of what imports in? Or will I still be stuck entering all these?


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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:+1::+1:
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Level 15
Level 15
thank you!  will this import the disposed assets with 179 recpature?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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that's a great question.... @Charlene_At_Intuit @Matt105 can you provide any insights?
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Level 15
Level 15
Ive got everything else from the K-1 already entered, but to import I have to delete it...so if its not going to transfer in what I need, and I have to enter it manually anyhow,  Im not going to bother with importing.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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create a dummy file, and import it there, that way if either of them don't come back soon, and see what happens.
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Level 15
Level 15
good idea!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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Level 15
It will import everything.  I don't usually go the import route, but I have used it for special occasions like that.
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 8
yes....it imports everything associated with the asset dispositions including  the Sec 179 recapture info...which is one of the greatest aspects of the import.
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Level 15
Level 15
yay!   thank you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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YAY!  ok, cool!  Glad i could be so helpful, LOL.....  Seriously though thanks @IRonMaN and @dd4vols
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Level 15
:+1::+1:
ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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Level 8
This only works if you did the 1065 in PS.
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Level 8
or 1120S.. or 1041. Works for any of them that have K-1s
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posed.
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Level 15
Level 15
I did the 1065 in PS

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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