Various Tax Credit Forwards from one Tax Season to the Next

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

We Are suggesting a report that will show Carryovers from one tax year to the next. This would include total tax / total tax credit to next year / loss carryovers / Charitable Deductions / Passive Loss /Unused credits / Investment interest expense. (See Attached report for what we manually prepare). There is a Loss Carry Forward and Over Payment Carry Forward for States only available in the reviewed investments section of K1X.

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.

Currently we have to manually enter this information into a spreadsheet and it takes two days for us to complete this task.

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 of K1X who needs to track any type of tax carry forward will benefit from this idea.

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.

This report can be added to the report section of K1X.