Exclude K-1 Packages When Sending 1120S and 1065 Returns to NetClient CS
When transmitting 1120S and 1065 returns to NetClient CS portals, UltraTax CS also sends the K-1 package to the portal ONLY IF the partner or shareholder is also a 1040 client (or other entity) with the same SSN/EIN in the current year of UltraTax CS.
If the 1040 client doesn’t have a NetClient CS portal, then a portal is automatically created when the K-1 package is transmitted.
You may choose to exclude all or selected K-1 packages from sending to the portal, which also prevents the automatic creation of a NetClient CS portal.
Per Client Setting
To exclude the K-1 package from sending to the portal for a partner or shareholder on a per client basis:
- SelectFile, thenPrint Returns.
- To send the return to the portal, mark theClient copyandElectronic Deliverycheckboxes and select theWebradio button.
- SelectOptions.
- Select theSelected Packagestab.
- Unmark the checkbox for the partners or shareholders you don't want to send the K-1 package to the portal.
- SelectOK.
- SelectPrintorAssemble.
- Transmit the return to NetClient CS via CS Connect.
Global Setting
You may also exclude the K-1 package from sending to the portal for a partner or shareholder for
all clients
by removing the partner or shareholder package from printing with the client collations. For 1065 clients:
- SelectSetup,1065 Partnership,Collation,Tax Return, thenClienttab.
- Find Partner Package in the list and set the print condition toNever.
- SelectOK.
For 1120S clients:
- SelectSetup,1120 Corporation,Collation,Tax Return, thenClienttab.
- Find Shareholder Package in the list and set the print condition toNever.
- SelectOK.
note
This setting applies to all client copies, including those printed to paper and PDF.
