In previous years, UltimateTax did not support adding Schedule K-1 statements to the e-file structure, and it lumped any K-1s beyond three together as a single total without details. Since then, the IRS has begun matching K-1s to the corporations and partnerships that produce them.
Our developers are working to change this functionality in future versions of UltimateTax, but in the meantime, if the IRS audits your client, you need to print out and send the IRS the K-1 statements for the years in question.
This information applies to all years of the UltimateTax software.
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