Crank Posted February 18, 2014 Report Share Posted February 18, 2014 When I purchased the ATX 2013 software this year the rep said that it will auto import K-1 information from an 1120S to a 1040. Other software I've used does this upon opening the client 1040 after the 1120S is completed but that doesn't happen in ATX. Does anyone know how to get the software to do this? I cant find a manual import feature either. Quote Link to comment Share on other sites More sharing options...
DevM Posted February 18, 2014 Report Share Posted February 18, 2014 When I purchased the ATX 2013 software this year the rep said that it will auto import K-1 information from an 1120S to a 1040. Other software I've used does this upon opening the client 1040 after the 1120S is completed but that doesn't happen in ATX. Does anyone know how to get the software to do this? I cant find a manual import feature either. Once the 1040 is open, goto Return > Import data > K1. Quote Link to comment Share on other sites More sharing options...
Crank Posted February 18, 2014 Author Report Share Posted February 18, 2014 Thank you Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 18, 2014 Report Share Posted February 18, 2014 Whoa! Explain this again? Are you saying that I can now import the K-1 that I created in the Corp or Partnership return and have it pull directly into the partner or shareholder 1040? This is a big deal. How do you do it, step by step please? Thanks. Tom Hollister, CA Quote Link to comment Share on other sites More sharing options...
Crank Posted February 18, 2014 Author Report Share Posted February 18, 2014 Create the K-1 return first. Then create or open the 1040. In the open 1040, from the drop down menus choose >Return, then choose > Import data, then choose > K1. Worked for me. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 18, 2014 Report Share Posted February 18, 2014 Sweet, Thank you. That is something we have been looking to get for years. One more question if you don't mind. I have a client that is a partner and a shareholder in an S Corp. I do both entities, plus her personal. Can I import both of the k-1's? Thanks Tom Hollister, Ca Quote Link to comment Share on other sites More sharing options...
Lynn EA USTCP in Louisiana Posted February 19, 2014 Report Share Posted February 19, 2014 YES !!! Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 19, 2014 Report Share Posted February 19, 2014 This has been available since 2011 Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 19, 2014 Report Share Posted February 19, 2014 TOM, that feature has been in the program for years now! How in the world have you missed it? It's such a wonderful thing that we were all over the moon about it back when they first added it. Quote Link to comment Share on other sites More sharing options...
easytax Posted February 19, 2014 Report Share Posted February 19, 2014 Sweet, Thank you. That is something we have been looking to get for years. One more question if you don't mind. I have a client that is a partner and a shareholder in an S Corp. I do both entities, plus her personal. Can I import both of the k-1's? Thanks Tom Hollister, Ca Just posted on ATX forum a few minutes ago: ATX Version 13.4 Program Update will be Released on Thursday, Feb. 20 We will release a new ATX program update, Version 13.4, on Thursday, Feb. 20. We encourage you to download and install the update as soon as it is available to take advantage of the latest features and functionality. The update will include: Importing K-1 Data on Workstations - Network users will be able to import K-1 data from one return to another. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 19, 2014 Report Share Posted February 19, 2014 TOM, that feature has been in the program for years now! How in the world have you missed it? It's such a wonderful thing that we were all over the moon about it back when they first added it. Because I so distrust everything that comes from CCH that I never read anything from them. I hate that company. I only believe what I read on this board. Sometimes I am such a dufus. Tom Hollister, CA Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 19, 2014 Report Share Posted February 19, 2014 But we talked about it a lot on this board back then!!! Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 19, 2014 Report Share Posted February 19, 2014 But we talked about it a lot on this board back then!!! Are you going to keep rubbing it in. Give it up already. I said I was a dufus, what more do you want? Tom Hollister, CA Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 19, 2014 Report Share Posted February 19, 2014 Sorry. Tom. Just teasing. You know I love you. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 19, 2014 Report Share Posted February 19, 2014 Because I so distrust everything that comes from CCH that I never read anything from them. I hate that company. I only believe what I read on this board. Sometimes I am such a dufus. Tom Hollister, CA Anger management classes? As in the movie "Anger Management?" Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 19, 2014 Report Share Posted February 19, 2014 Sorry. Tom. Just teasing. You know I love you. I know. I guess my remark wasn't funny. I thought it was. Tom Hollister, CA Quote Link to comment Share on other sites More sharing options...
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