TaxACT now supports the ability to import Schedule K-1s created using the TaxACT Business Tax Products into your Individual (1040) return. TaxACT Online 1065 and 1120S users will be given an opportunity to export the K1import13.dat file which will contain the data necessary for K-1 import. This file should be saved to your computer in a spot you can easily browse back to when prompted for the import in your 1040 Individual Tax return.
To export Schedule K-1 data to the K1import13.dat file when choosing to E-FILE your 1065 or 1120S return:
To export Schedule K-1 data to the K1import13.dat file when choosing to file a PAPER return (or if you’ve already e-filed your 1065 or 1120S return):