Importing K-1 data into an Individual (1040) return

You can import much of the data entered on an S-Corp or Partnership K-1 from a corporate return to the Individual return in the Desktop software.

Do this by first completing the Sch K-1 in the corporate return. Once this is completed, open the 1040 return if you wish to import the data. Complete the Sch E form first, then add the K1 P/S form to the return and enter the Partnership/S Corp name and EIN as it appears on the corporate return.

Once entered, go to Form -> Import K1 Form Data. 

This will prompt a confirm window. Afterward, the data should import from the corporate return.