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K1x Ideas
Status Will not implement
Categories K1 Aggregator
Created by Guest
Created on Apr 3, 2024

Track additional Sch K-1 Data

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

Need to track barrels of production, addtional Line 20T fields, Line 17f excess IDC, Line 13J IDC, and field for disposition of partnership interest... and all will map to reports.

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.

This information is needed to properly prepare Form 990-Ts for Trusts. Currently we have to track this data separately outside K1A, which is very time consuming on large Pension Trust engagements.

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.

This will save time for the users that analyze the data and users that review the output. The quality and completeness of the returns will be improved.

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.

K1x can add these lines, map them. We'd be happy to assist with the process.


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