Direct K-1 Export
Use the Direct K-1 Export to extract return data from a 1065 locator into a PX3 file, which is delivered in a downloadable ZIP file and can be used as the basis for a future import.
Before performing a Direct K-1 export, make sure that your sign in ID for RS Browser doesn’t contain any spaces.
- In the RS Browser, select theReturns Processingtab.
- SelectImport/Exportto open the menu item.
- SelectExportto open the Direct K-1 Export screen.
- SelectDirect K-1from the dropdown. Make sure you have the correctAccountfor your locator (XXXX), the correctYear(2023), and the1065Tax Type. SelectContinue.
- Mark the checkbox for the return you want to export. Then selectContinue.
- Verify the information about the export file, and selectClose.
- Return to the Direct K-1 Export screen and selectBatch Status.
- Enter a date, or range of dates if needed, under Date Batch Submitted. SelectContinue.
- Select theBatch ID.
- If the Export Status column showsQueued for Export, selectRefreshuntil the Export Status showsFile Export Complete.
- SelectDownload All.noteA password field in the export batch details indicates a password is required. Password-protected returns aren't included in theDownload Allbutton. To download a password-protected return when the Print File Ready status is displayed, enter the password and select the return.
- A popup screen appears at the bottom of the screen. Select the arrow for theSavebutton and chooseSave,Save As(recommended), orSave and Open.
- Open or view the downloaded ZIP file.The ZIP file contains the exported PX3 file. Exported files default to the R (Return Level Replacement) flag. If you plan to use the exported file as the basis for a future import, it's generally recommended to change the replacement flag in the header record to M before importing.
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