Schedule K1 package delivery process for Lacerte

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Delivering K-1 Packages in Lacerte

You can use the K-1 Package Delivery feature in the Partnership, S-Corporate, and Fiduciary modules to securely send K-1 packages to partners. This feature can be accessed either from the Client List or through the Print Tax Return menu.

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Accessing K-1 Package Delivery from the Print Menu

1. Go to the Print menu and select Tax Return.
2. Choose K-1 package only.
3. Check the box for Send K-1 Package, then click OK.

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Accessing K-1 Package Delivery from the Client List

1. Open the Partnership module.
2. Highlight the client you want to deliver K-1s for.
3. If you don’t see the K-1 Package column in the client list, follow these steps:
   • Go to the Settings menu and select Options.
   • Select the Display tab.
   • Under Schedule K, move K-1 Package to the right-hand Display window.
   • Click OK.
4. From the client list, click in the K-1 Package column to start delivery.

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Sending K-1 Packages

1. In the K-1 Delivery window, click Get Started.
   
2. Review the list of partners and their email addresses.
   • Use the Show clients with invalid emails switch to view entries that need correction.
     
3. Click Continue once all addresses have been verified.
4. Review the delivery list and preview or edit the email message that will accompany the package.
   • You may also send a copy of each partner email to yourself. To do so, simply check the Send me a copy of each partner email box before proceeding to the next step.
5. Select Send Packages.
   • Lacerte will print the K-1s for all selected recipients. This may take several minutes, don’t close the window until printing finishes.
6. When printing is complete, a status window will display the progress of each K-1.
7. Once the process is finished, a confirmation message will appear, and you can close the window.

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K-1 Partner Steps

1. The taxpayer will receive an email explaining they have just received their K-1 package for their partnership. It will also have a link to access their K-1 online. 
2. When they select the link it will take them to an Intuit login page.
   1. If a user has a login they can use it to access their K-1.
   2. If a user does not have a login they can click the Create an account link at the bottom of the page.
3. Once the user is logged in they will be able to see their K-1 Package.
   

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Understanding the Status

When reviewing the dashboard there is a Status column but what do these mean?

• Not sent
  • This status means the K-1 Delivery hasn't been sent to the taxpayers yet.
• Sent
  • The K-1 Delivery has been sent to the taxpayer.

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