K-1 information update notifications
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When K-1 shareholder or partner information is updated by the firm or client, each has the option to notify the other of any changes or additions.
note
Shareholders and partners are not notified of changes to these details.
Firm Updates (Notification Sent to Client)
The firm can update K-1 recipient information and deliver K-1s if settings allow. When K-1s are distributed, notifications of updates can be turned on or off.
note
Allow any internal user to Distribute K-1s
set up must be enabled before the return is delivered for the firm to edit shareholder or partner information after the return is delivered. Use the General section of the Settings Overview article for more information. - Go toDelivered Returns.
- Select theMore (...)options button in the Action column for the return.
- SelectClient View.
- Select on the Name and Email of the Client.
- SelectGet Started.
- Go toDistribute K-1s.
- SelectSend Electronically.
- Select theEditbutton in the Action column of the K-1 distribution section.
- Edit K-1 recipient details.
- Select or deselect the checkboxSend update email notification to <Company Name>.
- SelectSave.
Client Updates (Notifications Sent to Firm)
The taxpayer can update K-1 recipient information and deliver K-1s. When K-1s are distributed, notifications of updates can be turned on or off.
- Access the return. Use Client Experience for additional guidance.
- Go toDistribute K-1s.
- SelectSend Electronically.
- Select theEditbutton in the Action column of the K-1 distribution section.
- Edit K-1 recipient details.
- Select or deselect the checkboxSend update email notification to <Firm Name>.
- SelectSave.
