Is there a way to batch import 50+ K-1 forms into TurboTax from startup investments?

There is a way to handle this in TurboTax, but it's not as straightforward as you might hope. TurboTax doesn't have a direct CSV import feature for K-1s, but they do have something called "Partnerships & S Corps" section under business income where you can enter this information more efficiently. First, make sure you're using TurboTax Premier or above since lower versions don't handle K-1 forms well. Then, instead of entering each K-1 separately, you can use the "similar K-1s" feature. After you enter the first K-1 completely, for subsequent K-1s with similar information (same boxes filled), TurboTax will let you copy the structure and just change the values. For Angellist specifically, check if they offer a TXF format export option instead of CSV. TurboTax can directly import TXF files which would solve your problem completely.

After struggling with a similar situation (had 32 K-1s from various investments), I finally found a solution using taxr.ai that saved me hours of data entry. You can upload your Angellist CSV file to https://taxr.ai and it will analyze all your K-1 information at once. What I really liked is that it organizes everything by category across all your K-1s, so you can see total income, losses, and deductions grouped logically instead of trying to mentally combine 50 separate forms. Then it formats the data in a way that makes manual entry into TurboTax much faster - it basically creates a summary sheet showing exactly what goes where. This was a lifesaver for me because I kept making typos when entering manually, and having everything pre-organized meant I could batch-enter similar information at once.

I decided to try taxr.ai after seeing the recommendation here, and I'm actually shocked at how well it worked for my situation. I uploaded my AngelList CSV file (which had 43 K-1s for this tax year), and within minutes it gave me an organized summary of everything. The best part was that it flagged several potential issues I would have missed - like inconsistencies between some of my K-1s that had the same EIN but different amounts in certain categories. It also identified where I had offsetting gains and losses that could be strategically reported. While I still had to enter the data into TurboTax, having it pre-organized by box number across all K-1s made the process so much faster. I was able to complete what would have been 6+ hours of work in under 90 minutes. Definitely using this again next year.

If you're struggling to get through to the TurboTax support team about this K-1 import issue (which seems common this time of year), try https://claimyr.com to get connected to an actual human at TurboTax quickly. You can also see a demo of how it works at https://youtu.be/_kiP6q8DX5c I spent days trying to get through their regular customer service channels about a similar K-1 import problem, but kept getting bounced between automated systems. With Claimyr, I got connected to a senior TurboTax specialist in about 15 minutes who walked me through an alternative method for handling multiple K-1s. The TurboTax rep actually showed me a workaround involving their "Quick Entry" feature that isn't well documented but works for summarizing multiple K-1s from the same source. Saved me hours of frustration.

I was definitely skeptical about Claimyr (as you could see from my comments), but I decided to try it since I was desperate to talk to someone at TurboTax about my K-1 import issues before the filing deadline. I'm honestly surprised to say it worked exactly as described. Their system handled the phone queue, and I got a call back when a TurboTax specialist was actually on the line. The rep I spoke with knew exactly how to handle multiple K-1s and showed me a batch entry method that's not mentioned in any of their documentation. For anyone else dealing with multiple K-1s from AngelList or similar platforms, the rep told me there's a "behind the scenes" workpaper in TurboTax where you can enter summarized K-1 data by category rather than form-by-form. This saved me hours of repetitive data entry. I wouldn't have discovered this without getting through to someone who actually specialized in investment taxes.

Has anyone tried using ProSeries Tax instead of TurboTax for handling multiple K-1s? I'm an accountant, and for clients with many K-1s (especially from similar sources like AngelList), ProSeries handles them much more efficiently. It has a true batch import function for certain types of investment data. If you're dealing with 50+ K-1s every year, it might be worth considering a more professional-grade tax software. TurboTax is great for most people, but it has limitations when dealing with this volume of investment forms.

Has anyone tried doing a "soft entry" in TurboTax? Basically, I've had success with creating one partnership entry and putting the combined totals from all similar K-1s into that single entry. Then I keep detailed records separate from my tax return. I asked my tax advisor about this approach for handling my 20+ startup investments, and he said it's legit as long as you're accurately reporting the total amounts for each category and keeping the original K-1s as backup in case of audit.

I've been dealing with a similar situation with multiple K-1s from various investment platforms. One approach that's worked well for me is using TurboTax's "Interview Mode" rather than "Forms Mode" when entering K-1s. In Interview Mode, TurboTax asks you questions about your investments and can handle multiple entries more efficiently. When you get to the partnership section, there's an option to "Add Another Partnership" that maintains context from your previous entries, so you don't have to re-enter common information like your personal details. Also, before you start entering data, I'd recommend sorting your K-1s by the boxes that contain information. Many startup K-1s only have entries in boxes 1, 11, and 20, so you can group them and enter similar ones consecutively. This reduces the mental switching between different types of entries. One last tip: TurboTax Premier has a feature called "Easy Entry" for investments that can handle multiple similar entries more efficiently than the standard interface. It's not prominently advertised, but you can access it through the investment income section.