Extract income allocations, deductions, and credits from Schedule K-1 forms—partnerships, S-corps, estates, and trusts—without manual line-by-line keying.
Upload any document — PDF, scan, or photo — and get structured data back immediately. No setup, no templates, no waiting.
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Drag and drop files, connect a cloud drive, or set up email auto-forwarding. Any file format works—PDF, JPEG, PNG, TIFF, or digital documents.
The AI identifies fields by context and meaning, not fixed coordinates. Names, dates, amounts, and custom fields are extracted automatically.
Get structured output in Excel, Google Sheets, CSV, or JSON. Use the REST API for direct integration into your systems.
“Our clients hold interests in multiple private equity funds. Processing thirty K-1s per client used to take our team a full day. Now it takes under an hour for the entire batch.”
“The supplemental statement extraction is what sets this apart. Most tools only read the front page of the K-1. This captures the footnotes and Section 199A detail we actually need.”
“K-1s from real estate partnerships are notoriously complex. The parser handles the rental income breakdowns and at-risk calculations without any manual mapping.”
Schedule K-1 is among the most complex forms in the US tax system. Each K-1 reports a partner’s or shareholder’s share of income, deductions, credits, and other items from a partnership, S corporation, estate, or trust. The form has over twenty line items spanning ordinary business income, rental income, interest, dividends, royalties, capital gains, Section 179 deductions, credits, foreign transactions, and alternative minimum tax items. K-1 parsing automates the extraction of all these fields.
The complexity of K-1 parsing comes from the form’s density and the variation across issuers. A K-1 from a real estate partnership looks different from one issued by a private equity fund or a family trust. Many K-1s include supplemental statements that extend the data beyond the standard form, adding pages of footnotes and detailed breakdowns that also need to be captured. Template-based tools cannot handle this variability without extensive per-issuer configuration.
Investment firms and tax advisory practices that manage clients with multiple partnership interests face particular K-1 parsing challenges. A single high-net-worth client might receive fifteen to thirty K-1s from various entities, each requiring accurate data entry into tax preparation software. Lido reads any K-1 format on the first upload, extracting standard line items and supplemental data into structured output without per-issuer setup.
When evaluating K-1 parsing solutions, firms should prioritize accuracy on complex line items like Section 199A qualified business income, foreign tax credit allocations, and at-risk limitations. Lido provides field-level confidence scores and supports Excel, CSV, and JSON output for integration with tax preparation workflows.
K-1 parsing is the automated extraction of data from IRS Schedule K-1 forms, which report a partner’s share of income, deductions, and credits from partnerships, S-corps, estates, and trusts. It is difficult because K-1s have over twenty line items, vary significantly across issuers, and often include multi-page supplemental statements.
Lido supports Schedule K-1 from Form 1065 (partnerships), Form 1120-S (S corporations), and Form 1041 (estates and trusts). The AI handles all three variants plus their supplemental statements without separate configuration.
Yes. Many K-1s include supplemental pages with detailed breakdowns of income categories, footnotes, and Section 199A information. Lido extracts data from both the standard K-1 form and attached supplemental statements in a single pass.
AI-powered K-1 parsing achieves high accuracy on standard line items and flags complex fields like at-risk limitations and foreign tax allocations with confidence scores. This allows tax professionals to focus review time on the items that matter most rather than checking every field manually.
Parsed K-1 data can be exported to Excel, Google Sheets, CSV, or JSON. The structured output maps each K-1 line item to a column, making it straightforward to import into tax preparation software or consolidate data across multiple entities.
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Built on Lido’s OCR engine
Built on Lido’s OCR engine
Built on Lido’s OCR engine
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