Status of Schedule K-1 Transfer

Status	Description
K-1 match successful	Source K-1 matched to this 1040 K-1 and source K-1 data overrides the existing 1040 K-1 successfully.
New K-1 created	The system doesn't find a matching existing 1040 K-1 for the source K-1. So the system created a new 1040 K-1 based on the source K-1 information.
Source K-1 not found	No source K-1 found matching this 1041 K-1 input. Check the information in Organizer to see if it was completed correctly. To go back to Organizer, select the transfer status or select Income, Schedule K-1, Schedule K-1 name, Schedule K-1 Information, and then Schedule K-1 Import.
Incomplete entries	Incomplete entries will appear if the Schedule K-1 Import Organizer doesn't have complete information. Entity type, account number, locator number, partner/shareholder/ beneficiary number, and Schedule K-1 types are required on this Organizer. Property number's required for certain Schedule K-1 types indicated by *. If any of the required information's missing, the transfer won't take place and the following message will appear after initiating transfer: The K-1 Import screen contains incomplete entries. Also, if entity type's missing in the Organizer, the K-1 isn't considered by the transfer function.
Bypassed	After the first transfer, if you'd like to transfer again but exclude one or more locators that were transferred before, the system will give a bypassed status for the Schedule K-1s that were previously transferred.

This article applies to: