K-1 delivery is available for any return where K-1 packages are detected. To ensure smooth processing:
K-1s must either be included in the return collation or uploaded as separate files with the return
Once uploaded, K-1s can be shared directly with recipients, tracked in File Shares, and accessed securely by clients
Uploading & Auto-Distribution of K-1's
Uploading & Auto-Distribution of K-1's
Step 1: Click Send Returns from the Projects Dashboard
Step 2: Click Upload return
Step 3: Click Browse Files or drag and drop the files
Tip: If uploading multiple files, toggle button for multiple file upload before uploading your files
Step 4: Name Your Project and Add Contacts
Step 5: On the Review and Edit Tasks screen, find the Share K-1s task and choose:
Move - Send to another project and select the project
Keep - remains on this project for delivery to recipients
Step 6: Create Your project and Place signature fields
Step 7: Auto-Distribution. The current default is to delay sending K-1 packages until all e-signatures are complete. After signatures are collected we will automatically distribute the set of K-1.
Note: K-1s without partner email addresses, as well as updated or amended K-1s, are not included in auto-distribution. These must be sent manually by the firm.
If an e-Signature isn't included in the return the K-1s won't automatically send. We also offer an alternative firm setting where K-1s can be sent to shareholders immediately, without the return delivery including a client's e-signature. (Contact support if you’d like this option enabled.)
Manually Sending K-1's
Manually Sending K-1's
Sending K-1s can be done from the firm or client project view.
Firm Project View
Step 1: Hover over the Distribute K-1s task and click Share K-1's (this task is auto generated from the return assembly)
Step 2: Enter email address
Step 3: Click Send
Additional Options:
Step 4: Update email address -Type in the new email and click "update". Prior recipients will not be able to authenticate
Step 5: Reset Expiration date- extends the time that recipients can download the file
Step 6: Copy shareable link- copies the link for you to share in your own email*
*authentication will still be sent to the email listed
Client Project View
Tracking & Managing K-1 File Shares
Tracking & Managing K-1 File Shares
After initial delivery, the K-1 status can be easily tracked on the File Shares page
Step 1: Click your Name at the top right
Step 2: Click on File Shares
Step 3: Toggle on K-1 Shares
Options available:
4: Update Email Address - Changing email will not "undo" prior deliveries, but prior recipients will not be able to authenticate MFA
5: Reset expiration - reset for 14 days
6: Add or Remove Files
7: Copy Share Link - the recipient of the link will need to authenticate with the email shown as the recipient
8: Reset expiration and change link- resets MFA, expiration and resets all prior links
9: Delete
K-1 Recipient Instructions
K-1 Recipient Instructions
Step 1: Locate and open the email - Arrives from Client name on the project via noreply@gettruss.io
Step 2: Click Download K-1 Document
Step 3: Click Send Code
Step 4: Copy code from email
Step 5: Enter Code and Click Submit
Step 6: Download files
