K-1 Distribution - Firm Instructions

The firm can choose to distribute the taxpayer's K-1's on their behalf. The taxpayer will receive an email notification if the K-1 recipient declines to consent to receive the document(s) electronically. 

In order to send the client's K-1's the settings must be enabled before going into the Client View in order to deliver them.  This article will guide the firm in enabling and using this feature.

Enable K-1 Distribution for Users

Important

This option must be enabled before a return is delivered for it to apply. Only Administrators have access to the Settings section.

The firm can only access the K-1s after the return has been signed.

  1. In the Navigation Panel, Click Settings.
  2. Click General.
  3. Check Allow any internal user to Distribute K-1s.
  4. Click Apply.

Setting- Allow users to distribute.png

Access Return for Distribution

The K-1 distribution process is the same for the Firm as it is for the taxpayer. The only difference is how the return is accessed.

  1. Navigate to Delivered Returns.
  2. Click the More (...) options button in the Action column for the return. 
  3. Click Client View.
  4. Click on the Name and Email of the Client.
  5. Click the Click Here to Get Started tab.
  6. On the Summary Page, Click Distribute K-1's.

Open Client View.png

Clietn View- Open folder.pngDistribute K-1s.png

Distribute K-1 Documents Electronically

The User will Click the Send Electronically button. The Distribute K-1 Documents Electronically window will open.

  1. Click the Edit Partner Details button in the Action column.
  2. Enter the Shareholder's email address in the Update K-1 Partner Details screen.
    • Shareholders need an email address before a K-1 package can be delivered.
    • If a Mobile number is added, the Access Codes are sent by text.
  3. Click Save.
  4. Select what K-1 packages need to be distributed. Users can select individual K-1s or all K-1s on a page.
    • By "Selecting All", the K-1s on the current page and any additional pages will be selected.
  5. Click the Email Documents button.
  6. Once the K-1's have been distributed, Users can view the Status, Update K-1 Partner Details, Download K-1's and Resend the packages to the Shareholders.

K-1 distribution dashboard.png

 

Distribute K-1 Documents By Mail

The User will click on the Mail Hard Copies button to display the Distribute K-1 Documents by Mail window. There are a few options on how to proceed:

  • Download Individual K-1s
  • Download multiple k-1 packages

Print and mail.png

Downloading Individual K-1's

  1. Locate the K-1 to be downloaded.
  2. Click the Download icon in the Action column.
  3. The K-1 will download as a ZIP file to your browser's default location.
  4. Click Done or Continue.
    • Done will display if the return has been e-signed and re-accessed to distribute K-1 packages.
    • Continue will display if the return is being accessed the first time and will move to the payments section.

Download Individual k-1.png

Downloading Multiple K-1 Packages

  1. Check the box next to the K-1 package(s) to be downloaded.
  2. Click the Download Documents and select how you would like to download the k-1s.
    1. Download All K-1s- This option will download all K-1s for each shareholder. 
    2. Download Selected K-1s- Must have at least 1 shareholder selected to use this option.
  3. The K-1(s) will download as a ZIP file to your browser's default location.

Download to device 1-3.png

 

Alternatively, a prompt may appear letting you know that the download will take some time and will be available in the My Downloads section. 

  1. Click My Downloads icon in far right corner.
  2. Click the Download button on the My Downloads screen.
    • This will download a ZIP file to the browser's default location.
  3. Click the X next to each K-1 that does not need to be downloaded or click Clear All
  4. Click Done or Continue.
    • Done will display if the return has been e-signed and re-accessed to distribute K-1 packages. 
    • Continue will display if the return is being accessed the first time and will move to the payments section.

My downloads 1-4.png



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