ProConnect HelpIntuit HelpIntuit

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

SOLVEDby IntuitLacerte Tax31Updated August 18, 2021

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.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.