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K-1 Reclass

Covered K-1 supplemental pages

Schedule K-1 supplemental pages appear in many different variations. SurePrep's OCR captures certain variations of Schedule K-1 supplemental pages.
Example:
Two covered supplemental pages and one uncovered
If the K-1 supplemental variant is covered, the supplemental page data will appear on Review Wizard (Verification) and SPbinder. However, even on a covered K-1 supplemental page, not all line items are captured. For example, on a covered supplemental K-1 page, SurePrep may only capture BOX 11, CODE I (with single code only), and BOX13 (with multiple codes). Additionally, OCR can also capture Qualified business income for variation covered on a Schedule K-1 supplemental page.
The following have supported K-1 page variations:
  1. Form 1041
  2. Form 1065
  3. Form 1120S
  4. QBI (Qualified Business Income)

Form 1041 - Supplemental K-1 pages

Schedule K-1 statements and footnotes
Schedule K-1 Net Investment Income Information
Additional Schedule K-1 Items
Schedule K-1 Other Income and Deductions

Form 1065 - Supplemental K-1 pages

Schedule K-1 form
Covered: Box 11, CODE I (with single code only) and Line13, CODE H (with multiple codes).
note
The following K-1 1065 variation must have an EIN or SSN on the upper right corner of the document in order to get captured by the OCR.
Schedule K-1 Other Income and Deductions
Schedule K-1 Other Income, Deductions, and Expenditures
note
The following K-1 1065 variation must have an EIN or SSN on the upper right corner of the document to get captured by the OCR.
Schedule K-1 Other Deductions and Tax Exempt Income
Schedule K-1 Supplemental Information
Schedule K-1 Supplemental Information
Schedule K-1 Other Tax Exempt Income and Nondeductible Expenses
Schedule K-1 Partner's Share of Income, Deductions, Credits, etc.
Type 11
Schedule K-1 Type 11
Schedule K-1 Line 13 and 13W
Schedule K-1 Section 199A Information
Schedule K-1 Boxes 5, 6A, 6B, 11, and 13
Boxes 9A, 11, 13 Code J and Code W

Form 1120S - Supplemental K-1 pages

Schedule K-1 Other Deductions and Nondeductible expenses
Box 8c
Schedule K-1 Page 1 Activity
Box 16, Code C
Schedule K-1 Auto-Verified Nondeductible Expenses
Box 17, Code V
Schedule K-1 Page 1 Activity
Type 3
Schedule K-1 Lines 12, 16, Code B, Code C, and Line 16D
Box 12 & 16
Schedule K-1 Supplemental Information

QBI (Qualified Business Income)

The following QBI (Qualified Business Income) is captured by OCR on Schedule K-1 supplemental pages:
Box 20, Code Z
Schedule K-1 Section 199A Information
Schedule K-1 Statement A
Schedule K-1 Box 20, Code Z - Section 199A

This article applies to:

  • Product: SurePrep
  • Sub-Product: SPbinder

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