Juno supports the upload, extraction, and integration for K-1 Partnership forms. While we support these forms extensively, there are nuances regarding the data we extract and import to tax software. Juno does not currently support every part of a K-1 form, such as K-1 statements, K-2 and K-3 forms. Juno currently only supports Partnership K-1s.
Partnership K-1 details:
Activity type (Passive vs Active)
Fully supported, but requires manual setting. Defaults to passive for all K-1s. This setting determines the import location for some fields that have different locations based on activity type.
Part 1-2
EIN, name, IRS filing center, and publicly traded partnership status are all extracted and imported to all tax software.
Beginning and ending liability status is extracted, and imported for proconnect but not lacerte as lacerte does not support this data import.
Boxes 1-10
Fully supported for extraction and import on proconnect and lacerte.
Box 11
Codes A,C,E,H,L,R supported for all tax softwares. Other codes are extracted but not imported.
Box 12 fully supported
Box 13
Codes A,B,C,D,E,F,G,G1,I,K,L,M,O,H,J,AA supported for all tax softwares. Other codes are extracted but not imported.
Box 14
Codes A,B,C supported for all tax softwares. Other codes are extracted but not imported.
Box 15
Codes A,B,C,D,H,I,J,K,L,N,O,V,W,X,Y,Z,AA,AB,AB1,AC,AD,AE,AF,AH,AG,AI,AJ,AK,AL,AM,AO,AV,AW,AY,AZ,BA,BB,BZ,ZZ,ZZ1,ZZ2,ZZ3 supported for all tax softwares. Other codes are extracted but not imported.
Box 16 unsupported
Box 17
Codes A,B,C,D,E supported for all tax softwares. Other codes are extracted but not imported.
Box 18
Codes A,B,C supported for all tax softwares. Other codes are extracted but not imported.
Box 19
Codes A,C supported for all tax softwares. Other codes are extracted but not imported.
Box 20
Codes A,B,V,AE,AF supported for all tax softwares. Other codes are extracted but not imported.
Box 21 fully supported.