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E-file large partnership returns

E-file for large partnership returns with direct k-1 import

Step 1 - federal and state

  1. Create a new locator or binder depending on your product (main return). Don’t include partner information in this return.
  2. Enter all the partnership information for both the federal and any states that will be electronically filed via XML. In this main return, after you enter all the partnership information, create an e-file for federal.
  3. Clear e-file diagnostics related to partnership forms before continuing to Step 2. Ignore the e-file diagnostics pertaining to partner information.

Step 2 - federal

  1. Make a copy of Step 1’s main return. This copy will serve as your federal main return, which you'll use from Step 3 onward to submit the qualified federal return.
  2. Depending on the rules in the following Partner allocations chart and the total number of partners, create additional copies of the federal main return as needed. Remember, don't repeat any partner on these copies. We suggest you complete each copy of the federal main return through the end of Step 2 before making the next one.
  3. Consider partner limits:
    • If your return includes extensive Schedule K-3 data, limit each copy of the federal master to 3,000 partners.
    • If you're using
      Partner Allocations Enabled
      in Organizer and don't have extensive Schedule K-3 data, keep it to no more than 5,000 partners per return.
    • If there's no extensive Schedule K-3 data and you're using Direct K-1 import (Partner Allocations Disabled), aim for no more than 10,000 partners in each return.
    Condition
    Extensive K-3 data
    Limited or no K-3 data
    Partner allocations enabled
    maximum 3,000 partners
    maximum 5,000 partners
    Partner allocations disabled
    maximum 3,000 partners
    maximum 10,000 partners
    important
    When you have Schedule K-3 in a main return, in each copy of the federal master, complete the Schedule K-3 and Schedule K-1 for each partner. The K-3s need to be in the same order as the K-1s.
  4. Create an XML file. The XML file contains both K-1s and K-3s.
  5. Clear e-file diagnostics to qualify the returns.
  6. Repeat Step 2 until you include all partners.

Step 3 - federal

Download the qualified federal XML files from all the copies of the federal main return.

Step 4 - federal

In the federal main return, in Organizer, go to
Federal E-file
, then
Attachments
, then
K-1 aggregation
to attach all federal XML files from Step 3.

Step 5 - federal

  1. In Organizer, go to
    Federal E-file
    , then
    Create E-file
    to create the federal main return e-file.
  2. Clear e-file diagnostics to qualify the federal master return.
  3. Submit the federal main return to the IRS.

States

Once you've submitted the federal XML and it's accepted by the IRS, we suggest moving on to the states. Since the states don’t include Federal Schedule K-3 data, the client can import 10,000 partners to each return copied for states.

Step 6 - states

  1. Make a copy of Step 1’s main return that will be used starting in Step 8 to submit the qualified state returns (state master).
  2. Copy the state main return as needed. Each copy of the state master should be limited to 10,000 partners.
  3. Create the states XML files.
  4. Clear e-file diagnostics to qualify the state returns.
  5. Repeat Step 6 until all partners are included.

Step 7 - states

For every applicable state, download the qualified state XML files from all the copies of the state main return from Step 6.

Step 8 - states

For every state, in the state main return, in Organizer, go to
[State]
E-file
Attachments
K-1 aggregation
Summary to attach all state XML files
from Step 7.

Step 9 - states

In Organizer, go to
States
State E-file
Enable/Create Returns
Federal Copy
tab.
For each state, select
Attach the federal XML created in another return
, and enter the Federal FEIN, Locator number, and Account number of the federal main return you submitted to the IRS in Step 5.

Step 10 - states

  1. In Organizer, go to
    States
    State E-file
    Enable/Create Returns
    Return
    tab to create the state XML files.
  2. Clear e-file diagnostics to qualify each state in the state main return.
  3. Submit the state main return for each state.
note
If you are in one of the ONESOURCE products, we recommend you limit printing other/related binders while working on e-file returns. Don't attempt to print all states at the same time.

This article applies to:

  • Product: ONESOURCE Income Tax Express RS
  • Return type: 1065 Partnership
  • Subject: e-file

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