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Schedule K-1 (Forms 1065 or 1120-S) – Importing and Exporting TaxAct Returns Only

TaxAct supports importing Schedules K-1 created using the TaxAct Business Tax Products into your Individual (Form 1040) return.
Once you have completed the Partnership (Form 1065) or S-Corporation (Form 1120-S) return, you should have a K1importXX.dat file saved on your computer (XX indicates tax year – for example, the filename for 2024 will be K1import24.dat).
  • For Desktop Business Tax Product users, the DAT file(s) will be saved in the same location as your other TaxAct files, unless you change the path manually.
  • For Online Business Tax Product users, you will be prompted to export/save the DAT file(s) at the end of the filing steps.

Export File
If you are using the Online program and have not saved a copy of the .dat file, use the following instructions to get the file.
  1. From within your TaxAct return, click Filing.
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
  2. Click E-File or Mail Paper Return.
  3. Continue with the interview process to enter your information.
  4. After submitting your return(s) electronically, or completing the steps to paper file, click the Tools drop-down.
  5. Click K-1 Export, then click Export Federal K-1 Data.
Import File
To import your Schedule K-1 (Forms 1065) or your Schedule K-1 (Form 1120-S) into your TaxAct 1040 return follow the steps below.
NOTE: Importing your Federal Schedules K-1 from the 1065 or 1120-S program does not include state Schedule K-1 information. When applicable, state Schedule K-1 information will need to be entered during the State interview.

Online
Dashboards
  1. From within your TaxAct return, click Resources.
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
  2. Click Federal Search. 
  3. Expand the Business Income section and select Schedule K-1 import (Form 1065 and 1120S).
  4. Click Import Federal Schedule K-1.
  5. In the window that appears, click Choose File, navigate to the applicable K1importXX.dat file, click the file, click Open, then click Continue.
Classic Navigation
  1. From within your TaxAct Online return, click Federal.
    • On smaller devices, click the menu at the top left corner of your screen, then make your selection. 
  2. Expand the Business Income section and select Schedule K-1 import (Form 1065 and 1120S).
  3. Click Import Federal Schedule K-1.
  4. In the window that appears, click Choose File, navigate to the applicable K1importXX.dat file, click the file, click Open, then click Continue.
Desktop
  1. From within your TaxAct Desktop return, click File, hover your mouse over Import, then click K-1 Information.
  2. Click the radio button Schedule K-1 (Form 1065) or Schedule K-1 (Form 1120S), then click Continue.
  3. Click Import Federal Schedule K-1.
  4. The program will automatically locate the K1importXX.dat file.