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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.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/direct-k-1-importexport-guide-chapter-1-1065-direct-k-1-importexport/301214/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/direct-k-1-importexport-guide-chapter-1-1065-direct-k-1-importexport/301214.png","ImageObject",442,249,{"name":88,"@type":89},"Grenda","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-20","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":73},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of the Direct K-1 Import tool in the 1065 tax application?","Question",{"text":108,"@type":109},"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.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"What determines when entities are generally required to e-file Schedule K-1?",{"text":113,"@type":109},"Federal and/or state e-filing requirements are commonly based on the number of partners in the partnership.",{"name":115,"@type":106,"acceptedAnswer":116},"How can Direct K-1 data be reused beyond import?",{"text":117,"@type":109},"Information imported into the locator using Direct K-1 Import can also be exported from the locator using Direct K-1 Export.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},301214,1789780122,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":73,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":42,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":125,"read_time":8},7971474921005,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","THOMSON REUTERS®  \nDIRECT K-1 IMPORT/EXPORT GUIDE  \nFOR TAX YEAR2020 Last Updated: July 23, 2021  \nCOPYRIGHT NOTICE  \n© 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.  \nLast Updated: July 23, 2021  \nTABLE OF CONTENTS  \nChapter 1: 1065 Direct K-1 Import/Export  1  \nChapter 2: State K-1s That Can Be Prepared  2  \nChapter 3: How the DK-1 Tool Works  8  \nItems Needed Prior to DK-1 Import  8  \nReviewing the * .PX0 File  8  \nHeader Record  9  \nData Records  11  \nRules and Conventions-All Record Types  12  \nChapter 4: Using the DK-1 Comparison  13  \nChapter 5: Performing an Import  15  \nChapter 6: Performing an Export  19  \nChapter 7: Suggested Best Practices  23  \nReplacement Flags  24  \nChapter 8: Troubleshooting Tips  25  \nChapter 9: Terms and Definitions  26  \nCHAPTER 1: 1065 DIRECT K-1  \nIMPORT/EXPORT  \nThe 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.  \nOnly 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.  \nl State K-1s That Can Be Prepared (page 2)  \nl How the DK-1 Tool Works (page 8)  \no Items Needed Prior to DK-1 Import (page 8)  \no Reviewing the * .PX0 File (page 8)  \nn Header Record (page 9)  \nn Data Records (page 11)  \nn Rules and Conventions-All Record Types (page 12)  \no Terms and Definitions (page 26)  \nl Using the DK-1 Comparison (page 13)  \nl Performing an Import (page 15)  \nl Performing an Export (page 19)  \nl Suggested Best Practices (page 23)  \nl Troubleshooting Tips (page 25)  \nTHOMSON REUTERS  \nDIRECT K-1 IMPORT/EXPORT GUIDE  \nCHAPTER 2: STATE K-1S THAT CAN BE PREPARED  \nThe 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 .  \n\n| STATE | E-FILING | NOT E-FILING | NOTES |\n| --- | --- | --- | --- |\n| ALABAMA | Schedule K-1\u003Cbr>PTE-CK1 |  |  |\n| ALASKA | Schedule K-1\u003Cbr>Form 8900, Schedule B |  |  |\n| ARIZONA | 165, Schedule K-1\u003Cbr>165, Schedule K-1 NR\u003Cbr>1040NR, P1 Partner’s Information |  |  |\n| ARKANSAS | Schedule K-1 |  |  |\n| CALIFORNIA | 565, Schedule K-1\u003Cbr>568, Schedule K-1 592-B |  |  |\n| COLORADO | 106, Page 4, Part III | Form 108\u003Cbr>Schedule K-1 Equivalent |  |\n\nTHOMSON REUTERS DIRECT K-1 IMPORT/EXPORT GUIDE  \n3 Chapter 2: State K-1s That Can Be Prepared  \n\n| STATE | E-FILING | NOT E-FILING | NOTES |\n| --- | --- | --- | --- |\n| 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\u003Cbr>Part IX-Connecticut Sourced Portion of Items From Federal Schedule K-1 for Form 1065 | Schedule CT K-1 |  |\n| DELAWARE | Schedule K-1 |  |  |\n| DISTRICT OF COLUMBIA |  | Schedule K-1 Equivalent |  |\n| FLORIDA |  | F-1065, Part IV\u003Cbr>Schedule K-1 Equivalent |  |\n| GEORGIA | 700 Credit Allocation to Owners | Schedule K-1 Equivalent\u003Cbr>G2-A |  |\n| HAWAII |  | Form N-756A\u003Cbr>Schedule K-1 |  |\n| IDAHO | PTE","cbCaiuVUEwuMZXuR","https://ap.wps.com/l/cbCaiuVUEwuMZXuR","pdf",1021007,"English","# Chapter 1: 1065 Direct K-1 Import/Export\n## How the Direct K-1 Import Tool Works\n## When Direct K-1 Import Can Be Used","[{\"question\":\"What is the purpose of the Direct K-1 Import tool in the 1065 tax application?\",\"answer\":\"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.\"},{\"question\":\"What determines when entities are generally required to e-file Schedule K-1?\",\"answer\":\"Federal and/or state e-filing requirements are commonly based on the number of partners in the partnership.\"},{\"question\":\"How can Direct K-1 data be reused beyond import?\",\"answer\":\"Information imported into the locator using Direct K-1 Import can also be exported from the locator using Direct K-1 Export.\"}]","DIRECT K-1 Import/Export Guide - Chapter 1 - 1065 Direct K-1 Import/Export | PDF"]