DIRECT K-1 Import/Export Guide - Chapter 1 - 1065 Direct K-1 Import/Export

Sep 19, 2026

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DIRECT K-1 Import/Export Guide for tax year 2020 explains how the Direct K-1 Import tool moves partner information into federal and state Schedule K-1 and related workpaper screens, bypassing system calculations and allocations when data matches the DK-1 workbook format. It is designed for partnership entities that must e-file under federal and/or state requirements, often driven by partner counts, and can also support cases where desired K-1 numbers are already known. The guide outlines applicable scenarios and the workflow for import and export.

LanguageEnglish

CategoryPresentations

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Pages30

Reading Time11 min

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Chapter 1: 1065 Direct K-1 Import/Export

How the Direct K-1 Import Tool Works

When Direct K-1 Import Can Be Used

THOMSON REUTERS® DIRECT K-1 IMPORT/EXPORT GUIDE FOR TAX YEAR2020 Last Updated: July 23, 2021 COPYRIGHT NOTICE © 2020-2021 Thomson Reuters/Tax & Accounting. All rights reserved. Republication or redistribution of Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent of Thomson Reuters. Thomson Reuters and the Kinesis logo are trademarks of Thomson Reuters and its affiliated companies. More information can be found here. Last Updated: July 23, 2021 TABLE OF CONTENTS Chapter 1: 1065 Direct K-1 Import/Export 1 Chapter 2: State K-1s That Can Be Prepared 2 Chapter 3: How the DK-1 Tool Works 8 Items Needed Prior to DK-1 Import 8 Reviewing the * .PX0 File 8 Header Record 9 Data Records 11 Rules and Conventions-All Record Types 12 Chapter 4: Using the DK-1 Comparison 13 Chapter 5: Performing an Import 15 Chapter 6: Performing an Export 19 Chapter 7: Suggested Best Practices 23 Replacement Flags 24 Chapter 8: Troubleshooting Tips 25 Chapter 9: Terms and Definitions 26 CHAPTER 1: 1065 DIRECT K-1 IMPORT/EXPORT The Direct K-1 Import Tool provides a mechanism for bypassing the system’s calculations and allocations on Schedule K-1. It imports federal and state K-1 partner information directly to the respective Tax Forms (Schedule K-1) and the related workpaper screens when the data is formatted as specified in the DK-1 workbook. Only available for use in the 1065 tax application, the tool is normally used to prepare the Schedule K-1s for those partnership entities who are required to e-file according to federal and/or state requirements. Generally, these requirements are based on the number of partners in the partnership. It may also be used when a client knows what numbers they want to appear on the Schedule K-1. Information imported into the locator using the Direct K-1 Import can also be exported from the locator using Direct K-1 Export. l State K-1s That Can Be Prepared (page 2) l How the DK-1 Tool Works (page 8) o Items Needed Prior to DK-1 Import (page 8) o Reviewing the * .PX0 File (page 8) n Header Record (page 9) n Data Records (page 11) n Rules and Conventions-All Record Types (page 12) o Terms and Definitions (page 26) l Using the DK-1 Comparison (page 13) l Performing an Import (page 15) l Performing an Export (page 19) l Suggested Best Practices (page 23) l Troubleshooting Tips (page 25) THOMSON REUTERS DIRECT K-1 IMPORT/EXPORT GUIDE CHAPTER 2: STATE K-1S THAT CAN BE PREPARED The capability to do a federal and/or state Direct K-1 Import is normally available when the federal, and the particular state is released, in the tax application. These states are available for Direct K-1 Import for 2020 . | STATE | E-FILING | NOT E-FILING | NOTES | | --- | --- | --- | --- | | ALABAMA | Schedule K-1
PTE-CK1 | | | | ALASKA | Schedule K-1
Form 8900, Schedule B | | | | ARIZONA | 165, Schedule K-1
165, Schedule K-1 NR
1040NR, P1 Partner’s Information | | | | ARKANSAS | Schedule K-1 | | | | CALIFORNIA | 565, Schedule K-1
568, Schedule K-1 592-B | | | | COLORADO | 106, Page 4, Part III | Form 108
Schedule K-1 Equivalent | | THOMSON REUTERS DIRECT K-1 IMPORT/EXPORT GUIDE 3 Chapter 2: State K-1s That Can Be Prepared | STATE | E-FILING | NOT E-FILING | NOTES | | --- | --- | --- | --- | | CONNECTICUT | CT-1065/CT-1120SI, Part I, Schedule B, Individual Member Detail & Form Details Part III-Member Information Part V-Member's Share of Connecticut Modifications
Part IX-Connecticut Sourced Portion of Items From Federal Schedule K-1 for Form 1065 | Schedule CT K-1 | | | DELAWARE | Schedule K-1 | | | | DISTRICT OF COLUMBIA | | Schedule K-1 Equivalent | | | FLORIDA | | F-1065, Part IV
Schedule K-1 Equivalent | | | GEORGIA | 700 Credit Allocation to Owners | Schedule K-1 Equivalent
G2-A | | | HAWAII | | Form N-756A
Schedule K-1 | | | IDAHO | PTE

FAQs

What is the purpose of the Direct K-1 Import tool in the 1065 tax application?

It imports federal and state K-1 partner information directly into the relevant tax forms and related workpaper screens, bypassing the system’s calculations and allocations when data matches the DK-1 workbook specifications.

What determines when entities are generally required to e-file Schedule K-1?

Federal and/or state e-filing requirements are commonly based on the number of partners in the partnership.

How can Direct K-1 data be reused beyond import?

Information imported into the locator using Direct K-1 Import can also be exported from the locator using Direct K-1 Export.

Sep 19, 2026

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