About the K-1 Analyzer on the ONESOURCE platform

The K-1 Analyzer enables you to quickly extract and aggregate complex non-standard K-1 information.
The K-1 Analyzer:
  • supports all entity types for filing
  • imports foreign forms into the system
    • 1065: Forms 5471, 8865, 8886, 8621; Form 926 isn't in the IRS schema
    • 1120: Forms 926, 5471, 8865, 8886, and 8621
  • imports K-1 source documents into Organizers for locators in 1065 and 1120
  • reads Page 1 and all whitepaper statement detail
  • adds to the existing data in a locator with no loss of existing data
  • doesn't require you to map the fields

User setup and access

To use the K-1 Analyzer, you need permissions to the standard user for the K-1 product. This activates the tile on the ONESOURCE Platform.
  1. In ONESOURCE Platform, go to
    Administration
    .
  2. Select the user and then
    Edit
    .
  3. In the
    User Permissions
    screen, select
    Platform
    , then
    K1Analyzer_System_OSW group
    .
  4. Select
    Transfer
    and then
    Next
    . This adds the user to the
    LS1 group K1Analyzer_System_OSW
    , which controls the visibility of the K-1 Analyzer tile in the ONESOURCE Platform.

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