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Customizing the K-1 transmittal letter for a partnership, S-Corporation or fiduciary in Lacerte

SOLVEDby Intuit38Updated July 19, 2022

Lacerte generates the Schedule K-1 transmittal letter for each partner, shareholder or beneficiary for a federal K-1 only; it isn't generated for states.

Follow these steps to generate the K-1 transmittal letter:

  1. Go to the Settings menu > Options.
  2. Select the Items to Print tab.
  3. Scroll down to the Print Settings section.
  4. Select Yes in the dropdown for K-1 Transmittal Letter for Each Sub-client for the appropriate copy of the tax return (Preparer Review, Preparer File, Client, Government).

Follow these steps to create and edit a new letter:

  1. Go to the Settings menu > Client Letter.
  2. Choose the appropriate letter tab to edit (it's recommended that you create a new letter so the default letter isn't changed).
  3. In the Letter Navigation box, expand the K-1 folder.
  4. Under K-1 Transmittal, select the section(s) to edit and make changes.
  5. When the changes have been made, save the letter under the folder menu.

Additional notes

  • If a new letter was created, and applies to all clients, change the default letter under:  Settings > Options > Setup.
  • If the new letter applies to one client, change the letter number in the Invoice, Letter, Filing Instructions Screen under the Client Letter section in the Folder Number field.
  • The K-1 letter can't be edited in the Custom Letter Screen.

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