Distributing K-1 tax statements can be a pain because year in and year out there’s really no good way to handle it securely and efficiently. Mail is labor intensive and may not reach the best address. Email is not secure — you should redact sensitive data, and the file can live forever in an inbox that may eventually be hacked.
With Groundbreaker real estate investment management software in your arsenal, once accounting does their audit, our tool to parse and securely share K-1 tax statements gets these documents out the door quickly and removes you from the bottleneck. Investors can get a more accurate time frame to receive their K-1 tax statements and you can reduce or eliminate requests.