Ability to Import K-1 into Forms 1065, 1120S and 1120

[mchau]

Enhance Import K-1 feature for Forms 1065, 1120S and 1120.  Much like Form 1040 can import K-1's from corporate and partnership returns.

[frankfeiscpapllc]

We put a man on the moon in 1969 and Proseries still has not figured out how to do this although they have no problem charging us $7,400 a year ( roughly double what competitors I charging ) for unlimited use of their software.

[frankfeiscpapllc]

But again I expect nothing less from a company that puts the e-file acceptance status in their e-file center 12 columns to the right of the taxpayers name and ID so it’s off your screen and you have to constantly toggle back-and-forth when you’re trying to check hundreds of filings.  Get get this pleasure for $7400 a year which does not even include the cloud-based solution they just came out with this year.  Like being in a bad marriage with no place to go. 

[Anonymous]

Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.

[Vince CPA]

There are many partnerships or LLC's taxed as partnerships that are member's of other LLC's and receive a K-1. Without the ability to import K1's to 1065 returns, how are other members dealing with this? Is everything just being hand-keyed? I have an entity that receives over 20 K-1's each year, so hand-keying is time consuming and the chance of error is increased.

[sjrcpa]

Hand keying.