K-1 Package is available for pass-through business entities (Partnerships, S-Corps and Fiduciaries). The K-1 package will include a letter, K-1 form, K-1 state form, and any other applicable forms. The package will be put together for each individual partner/shareholder.
3 Steps to prepare a K-1 Package:
- Prepare the return (business entities only)
- Once the return is complete, go to File Return and on the left panel select K-1 Package under the Print section. Note: You will only see the K-1 Package available for 1065, 1120S and 1041.
- Send K-1 to inform partners/shareholders of income or liability. You can attach the K-1 documents and send via email or print the package and mail or hand it to your partner/shareholder. Note: The zip file will be organized by partner names in the order you enter them.
Remember to save the K-1 packages to your document management tool.