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.
Audited controls over a sustained period, not a point-in-time check.
Bank-grade encryption at rest and TLS 1.2+ in transit.
Documents deleted within 24 hours. No copies retained.
Drop K-1s from Form 1065, 1120-S, or 1041 as PDFs or scans. The parser handles all K-1 variants and tax years.
The parser reads partner share of income, deductions, credits, and self-employment earnings from each K-1 box automatically.
Download parsed K-1 data as Excel, CSV, or JSON. Feed it directly into tax preparation software via the REST API.
“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.
For one-off lookups, yes — upload a clean PDF and ask for specific field values. The problem is reproducibility: ChatGPT’s output structure changes run to run, you can’t lock field mappings, and there’s no entity layer. You can’t build a pipeline on it. Lido’s parser locks extraction logic per K-1 variant (Form 1065, 1120-S, 1041), classifies documents by EIN, and runs fuzzy address matching against a master list — same rules on document 1 as document 5,000.
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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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