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K1x Ideas
Status Validating
Categories K1 Aggregator
Created by Guest
Created on Feb 6, 2024

Breakout Sch. A vs. Sch E interest in a 1040 in CCH

Describe your idea. The more information you provide, the clearer picture of your idea we will have.

There are two input boxes for Line 13H in CCH, one for Sch. A deductible interest and another for Sch. E deductible interest. This is also a feature in TR products.

How will this idea help you and potentially others? Understanding how things are done today, where the pain is, and how the idea is beneficial puts us in your shoes.

It is critical to break out this interest into two components in a 1040 and currently our mapping only goes to the first line item which creates duplicate effort for staff as they have to re-correct the return after import.

Who will benefit from this idea? Whether it's specific roles of users, users of a specific product, or certain departments/markets, this helps us know who to talk to when we need more information.

All users

How do you envision this idea being implemented at K1x? You're the expert and understanding how you see this working helps kickstart the idea.

Need to create a separate input for Sch. A vs. Sch. E mapping (perhaps as part of the dropdown, 13H - Sch. A & 13H - Sch. E). Reader mapping goes to the Sch. E line item as a default and the user now has an option to reclass to 13H - Sch. A and have it map appropriately to CCH. See screenshot in CCH 1040 for mapping context.


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