K1x Release 02/12/2025

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Hello! Please review the following changes that have been introduced as part of this K1x release. 

990-Series Solutions

• 990 Part IV, Line 11e – A "Yes" will now be automatically marked if there's an amount listed in Part X, Line 25 for other liabilities.
• 990-T – The box for Form 2220 will now be checked automatically when Form 220 is enabled.
• Benchmarking Export - 990 benchmarking export option has been enabled for all environments. 
• Benchmarking Report – The Name column will now be included when exporting the file.
• Schedule K, Part 1, Column A – Text wrapping has been improved for better readability.

As a reminder, you can find detailed statuses of forms on the Tax Year 2024 Supported Forms page at https://go.k1x.io/2024-supported-forms

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.

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