When exporting a K-1s for entities that a relatively large number of shareholders, members or beneficiaries, can the entity name and return year be added as a prefix ahead of the recipient's name?
I had an incident this year where I had 11 K-1s as part of one 1065 return. To add the entity name and tax return year ahead of the member's K-1, I used a Microsoft Word document with the entity name and year. I then copied and pasted the entity name and year from the Microsoft Word document after editing each member's file name. I had to do this 11 times to make sure the file name and year were correct. Can you add the entity name and tax return year as part of the Print K-1 Package?
I'm not sure how you got each K-1 saved as a different file to begin with, nor why you would need to copy and past the entity name and year AFTER editing each member's file name. Wouldn't including the entity name and year be a part of editing each member's file name? Could you give a step by step of the process you used, starting with the first file saved?
Perhaps you save your K-1s in a different manner. I save mine by client name, year and shareholder or partner. It's much easier to perform a search when needed using this format.
Unfortunately, when exporting a batch of K-1s especially a large one, all the user receives is the first and last name. I'm asking for the program to place the entity name ahead of the shareholder or partner. Ideally if the tax year would be added that just makes the process of saving files much easier.
I completely agree as to saving files with names and dates, I do this as well. I was trying to understand the exact steps used to create the file as I don't use ProConnect. I think I have a better understanding of what you mean now, however I have no advice based on what you've explained. Sounds like a feature request, for whatever that's worth. As far as the editing the file names, I'm not sure I understand the way you're doing it. It sounded to me like the default file name for all of the k-1s is the shareholder/partner name, is that correct?
You are corrrect, the default name is the shareholder or partner name. That's what makes the current method impractical especially with returns having a large number of K-1s. I've developed a workaround approach. It would be ideal if Intuit incorporated the "company name, year, shareholder/partner name" as part saving the K-1s.
