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Data import templates

1040 K-1 template import

The 1040 K-1 template import feature helps you populate many fields on the
1040 Schedule K-1
 screens.
  1. Get the
    1040_2023_Sch K_1_Template.xlsm
     file from the file download page and download the template. This is your starting point for data import.
    Required fields for import:
    • TR_Setup tab
      • Firm ID
      • Account ID
      • Year
      • Tax Type
      • Locator
    • TR_1040_Sch_K_1_Detail
      tab
      • Ownership
      • Activity
      • Activity Number
      • K-1 Name
      • Federal EIN
    • TR_1040_Sch_K_1_Group_Detail
       tab (only required if group detail will be imported)
    • Ownership
    • Activity
    • Activity Number
    • K-1 Name
    • Federal EIN
  2. If macros are enabled, selecting a field with a fixed value will trigger a pop-up dialog. Choose the correct value from the description provided, and it will automatically populate the field. If you prefer not to use macros, refer to the
    TR_1040_Sch_K_1_Strings
     tab for the necessary values.
    note
    Enter accurate values for the best results.

Template tabs

TR_Setup
  • Header Information
    : includes firm ID, account ID, locator number, year, and tax type. These fields are fixed.
TR_1040_Sch_K_1_Detail
  • Data Entry
    : Enter your data here. The first and second rows are fixed.
  • Column Order
    : The first five columns must remain as they are. The remaining columns can be moved or deleted to fit your needs.
  • Rows
    : Subsequent rows will import into a single locator (locator number entered on the
    TR_Setup
     tab). Each row will consist of a separate description to be imported into the program.
    note
    K-1 data in the return will be deleted prior to import. If you have data in the return you wish to save, export the K-1 detail first.
    Once the data is exported, do not reorder the data if you plan to reimport. Doing so could cause the import to fail if it cannot tie out the data between the Detail and Group tabs.
    New activities must go at the bottom of the data. On rollover to next year, the activities can be reordered based upon column F, Sort Order for Proforma, on the Detail tab.
TR_1040_Sch_K_1_Group_Detail
  • Data Entry
    : Enter your data here. The first and second rows are fixed.
  • Column Order
    : The first 5 columns and the first 2 rows are fixed. You can import multiple rows of data.
note
Refer to the
TR_1040_Sch_K_1_Map
 in the template file for details on the column heading name to use for import.

Checking Field Details

  • Field Info
    : To see which column heading transfers to which field, right-click on the field in the Organizer screen, select
    Field Info
    , and check the details.

Navigation for fields in the K1 template

For 1040: Organizer > Income > Schedule K-1 > (Name) > Schedule K-1 Information.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1040 Individual
  • Subject: Export,Import

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