Reconciling every investment to the K-1s was a real administrative challenge for us. K1x was a huge help pulling in information because it took data entry off us. We love its ability to move data out of the wrong box into the right box–this eliminates the hassles with reclassification and eliminated data entry work.

This is something else entirely far beyond my expectations and my expectations are very high. We’ll definitely circle around with more stakeholders to move this forward.

If you are a sophisticated exempt like a hospital or university, K1x is the best tool. I can see my changes right away in my PDFs. We spend more time doing data analysis instead of data entry. This definitely saves weeks of time every month.

There is an astonishing amount of information you can get from the software without even realizing it. Everyone from the IRS to the software providers to the preparers had problems with the K-3 last year. We didn’t mean to use K1 Aggregator (formerly K-1 Analyzer) for it, but after tax season we wanted a really detailed view of our income breakout by K-1 and income category and it turned out K1A had brought most of that data in without us even knowing with a separate section for K-3 pivots.