K-1 aggregator and integration
The K-1 Aggregator helps you complete the preparation and review cycle of your K-1 data by electronically integrating the K-1 data into the data entry points in the return.
The K-1 Aggregator helps you complete the preparation and review cycle of your K-1 data. The data integration process allows you to electronically integrate the K-1 source data directly into the data entry points for the return. This greatly reduces the amount of time you spend on data entry to prepare a return.
Here's what it supports:
- All entity types for filing
- Imports foreign forms into the application
- Imports K-1 source document data into Organizers for locators in 1065, 1120, 1040, and 1041
- Reads Page 1 and all whitepaper statement details
- Adds to the existing data in a locator with no loss of existing data
- No need to map the fields manually
K-1 aggregator process
The K-1 aggregator guides you through the following steps:
- Extract: Drop the K-1 into the K-1 Analyzer.
- Review/Aggregate: Review the individual K-1 and aggregate the data.
- Analysis: Review reports and complete a deep risk analysis.
- Filing: Make filing determinations, complete international reporting requirements, and prepare the return.
