Simplify K-1 prep and review with 1040SCAN’s supplemental page data extraction

Preparing supplemental pages for complex K-1s is error-prone and time-consuming because it requires staff to create Excel schedules to show the reclassifications. 1040SCAN is the first scan-and-populate system to read K-1 supplemental pages and automate not only tax return data entry, but K-1 reconciliation workpaper preparation.

In this 30-minute webinar, learn how 1040SCAN’s latest Schedule K-1 features allow you to ensure accuracy and save time by:

  • Extracting data from supplemental K-1 pages
  • Reclassifying K-1 data to the appropriate income and expense categories
  • Exporting the data to your tax software
  • Automatically updating the K-1 information to match the K-1
  • Cross-referencing the K-1 data to save reviewer time

SurePrep’s latest K-1 features will revolutionize how preparers manage K-1 data, save preparation time, and increase efficiencies for the reviewers.

The K-1 features highlighted in this session are currently available for CCH Axcess Tax, CCH ProSystem fx Tax, and GoSystem Tax Rs. The K-1 features are coming soon for Lacerte and UltraTax CS.

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