K1x Ideas
Describe your idea. The more information you provide, the clearer picture of your idea we will have. |
Bypass the matching step when users individually upload with K-1 reader to a specific investment in the manage investments list. Not all K-1's have EIN's or names that match what is in the tool already and users might want to individually match themselves. |
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. |
When K-1's are issued for a partner's benefit and not because it was filed with the IRS, they tend not to have all relevant fields used in the K1x matching step. No EIN, possible abbreviation of the name, etc. If I could bypass the matching step and rely on my own match for the K-1's I am uploading individually, then I can bypass the hold up and errors caused when no EIN or name doesn't agree. |
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. |
Any user who receives K-1's from foreign investments that do not file in the US but did not elect to be treated as a corporation and as a result issue a K-1 form. Investors in the private equity fund market would benefit from this feature. |
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. |
Set the system to bypass match steps when individual upload with reader is used. |