About
K1x is an AI-driven platform purpose-built for automating Schedule K-1 processing and passthrough reporting. It extracts data from complex K-1s, validates key fields, reconciles ownership data, and integrates the results directly into firm tax systems. Firms use K1x to eliminate manual K-1 entry, reduce review time, and improve accuracy in partnership return preparation.
Tax professionals express a mixed sentiment towards K1x, highlighting its potential to save time with K-1 data processing. However, concerns arise regarding its lack of direct integration with popular platforms like Lacerte, necessitating reliance on Excel outputs. This limitation raises questions about ease of use and efficiency, indicating that while K1x shows promise, its functionality may not fully meet the needs of all users.
Reddit Mentions
I am looking at using the K1x K-1 reader which looks like it would save us a bunch of time, but we use Lacerte. They didn't have a direct connector into our platform so we would be relying on the Excel outputs. Has anyone had any luck getting Lacerte to import K-1 data?
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