K1x Reviews & Product Details

I find K1x incredibly useful for handling investment partnerships. It makes inputting K-1s super easy, which saves me a lot of time. The ability to import directly into our tax software after we're done is a big plus. I particularly like the import functionality, as being able to import and export from the software makes it incredibly easy to work on clients that receive a lot of K-1s. It saves us so much time from having to input things manually. Review collected by and hosted on G2.com.

I believe the K-3 and State K-1 readers need to be improved. They sometimes put amounts on wrong line items, which I then need to manually fix. The initial setup was not super easy, but not incredibly difficult either. Review collected by and hosted on G2.com.

I really like that K1x is user-friendly and straightforward to use. The support team is very responsive whenever I encounter an issue. I find the accuracy in data extraction particularly reliable. The automatic saving feature is a great convenience since there's no need to manually press save. It simplifies tying out complex returns and significantly saves time. The initial setup was also very easy. Review collected by and hosted on G2.com.

The UBIA and QBI don't import as well as expected. The state reports aren't as accurate as the federal reports, and K1x doesn't pull the adjustments in correctly for state or doesn't pick up every adjustment. When QBI is extracted and imported into CCH Axcess, it sets up as multiple columns of info rather than a single column. Review collected by and hosted on G2.com.

The intuitive ease of use in preparing tax returns. The product was promoted as being designed to be task specific. We used it for Form 990 and Form 990-T preparation and this was our first year using it. It could not have gone smoother. Review collected by and hosted on G2.com.

There are schedules and footnotes across several state tax returns that are not currently available in K-1x. The work around was to separately prepare the schedules and footnotes and attach to the returns as pdfs. The support staff is committed to including the required (and even optional) schedules and we look forward to the evolution of the product. Review collected by and hosted on G2.com.

Ease of uploading documents. Sascha has also been a great resource and very responsive. Review collected by and hosted on G2.com.

Foreign form availability. Does not pick up PFICs or 926 data. Review collected by and hosted on G2.com.

The tax input wording in K1X is the same wording used on tax forms, making it very easy to use and understand. The software is very user friendly, and the customer service support representatives are friendly, helpful, and receptive to making improvements to software based on your feedback. K1X provides an online training certification, which is new this year, and other occasional training is provided periodically for no charge. In addition, tax instructions and other helpful data are provided within the software itself. I've used several tax compliance software programs throughout my career, but K1X is truly superior and more user friendly than others. Review collected by and hosted on G2.com.

K1X has the Alternative Investment Module which has many foreign forms available, but not all. They are relatively a young company but are committed to adding more forms into their software and providing other enhancements each year. One of the best things about the alternative investment module is that you have all the historical data in one place, with NOL carryovers and much data that carryover each year with the rollovers. Review collected by and hosted on G2.com.

I like K1x for its simplicity and how everything is in one place, making it very straightforward to use. The support system is excellent; I'm able to contact them and receive an immediate response, which is very helpful as they usually guide me on how to fix any issues, often pointing out that the problem was on my end. I appreciate that they understand the tax laws well, particularly for a business supporting nonprofits and trusts, and they easily guide me through any problems by pointing to relevant rules or instructions. Additionally, they often show me things I wasn't aware of, demonstrating a profound understanding of their field. This responsiveness and expertise make me confident in saying they are very on top of their game. Review collected by and hosted on G2.com.

I find that the diagnostic feature in K1x could use improvement. The diagnostics sometimes incorrectly indicate mismatches between schedules, which can be frustrating. Even though I have the option to override these alerts, I rely heavily on accurate diagnostics to identify issues in tax returns because I work independently before senior management review. It is important to me that the diagnostics reliably identify real discrepancies rather than presenting non-existent ones. Review collected by and hosted on G2.com.

My team appreciates the ease of use, the the accuracy of the data extraction. Review collected by and hosted on G2.com.

K1x is still working on 926 and 8865 data extraction and compilation and it does not work well for state returns subject to siloing rules. Review collected by and hosted on G2.com.

You can prepare the foreign forms in K1X with the white paper statements fairly easily. Review collected by and hosted on G2.com.

The software seems to have lots of issues, it can't read State UBI, 926 or 8865 information yet. It also is not always accurate when it reads Federal UBI. Review collected by and hosted on G2.com.

Great time save with analyzing K1s then being able to export useful, logical reports for use Review collected by and hosted on G2.com.

Continual improvements to be made to foreign reporting. Some have been made, but a bit more to go Review collected by and hosted on G2.com.

IT IS EXTREMELY USER FRIENDLY AND VERY FAST Review collected by and hosted on G2.com.

WISH IT WAS ABLE TO READ ALL TAX DOCUMENTS AND WHITE PAPER DETAIL OF THE BROKERAGE STATEMENTS Review collected by and hosted on G2.com.