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K1x Ideas
Status Community Review
Categories K1 Aggregator
Created by Guest
Created on Nov 20, 2024

K1x picks up zeros and imports them into Axcess for K-1s and K-3s.

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

K1x is importing zero values from K-1s and K-3s into Axcess. This results in unnecessary diagnostics within Axcess and generates Form 1116s for certain foreign income categories that would not otherwise require reporting.

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.

Is addressing this issue currently on the roadmap? It would be highly beneficial for K1x to disregard $0 entries on K-1s to improve efficiency and reduce these unnecessary complications.

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.

General users intent to avoid unnecessary diagnostics and the other unnecessary complications.

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.

Avoid extracting zeros from K-1s and K-3s and avoid importing those into Axcess.


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