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K1 Aggregator Export Q&A

In this Q&A, we'll address some of the most common questions users have about using the K1 Aggregator with tax software, including how to handle prior year data, maintain accuracy during imports, and maintain control over what information gets imported. Whether you're new to the software or looking to optimize your workflow, these insights will help ensure a smoother experience with K1 Aggregator.

Question Answer
Is a user able to upload one K-1 into CCH without overriding others? Yes, you can pick and choose which K-1's are sent to the tax filing software within your engagement
Can a user export from a prior year CCH Axcess return? You can drop prior year data into the K-1 excel template to upload or drop prior year PDF K-1's into K1 Aggregator
When importing into Axcess, does the data align correctly with the existing K-1 screens existing in the taxpayer/client, or does it import to new K1 input screens in Axcess? For example, if we have 2 K-1's in Axcess, will the 2 K-1s import and create 2 more input screens, so the originals have to be deleted? The exported data will align with existing investments. This is accomplished by matching activity numbers between filing system and K1 Aggregator
Will Analyzer overwrite "estimates" that had been entered into the tax software previously? Yes, if there are numbers within a line item in K1 Aggregator.
If data is reviewed in K1 Aggregator, does this eliminate the need to review what gets imported into CCH or is there risk that something doesn't get imported / is imported incorrectly? Reviewing in K1 Aggregator should cut down on overall review within the tax return. However, an additional review should be made to ensure the values are the same. Generally the export to filing systems is 100% accurate.
When importing this information in CCH, how many errors should we anticipate reviewing in CCH? It is connected with API, so it's a direct import. Generally, there will not be any errors.
Do we have discretion on what imports into the tax software. For example, can we choose not to import the state information? The import to the tax software will include both state and federal information. A potential work around for this would be to leave the State Information blank – meaning, leaving the sections completely blank and not having entered zeros.