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K-1 Reader State Extraction Capabilities

K-1 Reader supports extracting state-level K-1 data for 42 states, with full field-level mapping for some and limited extraction (only federal-to-state equivalents) for others.

Overview:

We support State K-1s for 42 states for allocated income to the partner.

Extraction from substitute forms is not as robust as it is for actual 1065/1120S/1041 State K-1s.

Supported State K-1s

State Fully Mapped? State Fully Mapped?
CA_565 Y NC_D403K1 N
NJ_K1 Y MN_KPC Y
NY_IT204IP Y DE_300 N
PA_NRK1 Y CA_568 Y
NY_IT204CP Y WV_K1 N
MA_3K1 Y ID_K1 N
IL_K1P Y IA_1065 N
IN_IT20S Y NE_K1N N
PA_RK1 Y MT_K1 N
WI_3K1 Y OR_K1 Y
AZ_165NR Y ND_K1 N
CT_K1 N HI_N20 N
VA_502VK1 N AR_K1 N
MO_NRP N VT_K1 N
MD_510 N AK_6900 Y
AL_65 Y RI_K1 N
MS_K1 N MN_KPI Y
SC_K1 N WV_K1C N
UT_K1 N AZ_165 Y
OH_ITK1 N AL_20S N
KY_K1 N VA_502SVK1 N

*Fully mapped means all fillable fields are extracted by K-1 Reader, if marked 'N', we only extract the federal part 3 line item state equivalents.

Circular 230 Disclosure

To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this software (including any reports or downloads) is not intended or written to be used and cannot be used for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) supporting, promoting, marketing or recommending to another party any transaction or matter addressed herein. This software is for informational purposes only and should not be regarded as tax advice. Please consult your tax advisor or attorney for guidance on your individual tax situation.