K-1 Package Building
How to create a K-1 Package in K1 Creator
1. Create a Package
- You can create multiple packages for versioning purposes if needed.
- Choose whether the package is a draft and add a watermark if desired.
2. Create Package Sections
- Package sections represent either a single document or a grouping of documents.
3. Add Documents to Package Sections
- Options include:
- K-1 forms (Federal only for the April release, NY & CA coming soon)
- K-3 forms (excluding Part XII for the April release)
- PDF file uploads
- Statements created from templates
Choose which investor(s) will receive the documents when adding them to the sections.
4. Generate K-1 Packages
- You can generate K-1 packages in bulk via the "Generate Packages" button above the investor list or individually through the ellipsis menu in an investor's row in the investor list.
5. Download K-1 Packages
- Download packages individually or in bulk using similar options.
Note: As of the April release, Federal K-1 and K-3 (excluding Part XII) are the only forms supported. The complete K-3 and state K-1s/K-1 equivalents will be added in future releases.