K-1 Summary
The K-1 Summary is available only if you have purchased a license for the Pooled Fund Administration module.
The K-1 Summary reports the amount and character of the income received by each pooled income fund participant during the specified tax year. This tax information is provided to each participant on a Schedule K-1 form or substitute K-1 letter.
The K-1 Summary provides an excellent resource for reviewing tax information before it is sent to fund participants and for recording this information in a concise format for record keeping purposes.
To set up data for the K-1 Summary
The K-1 Summary is driven off of data entered under PIF > Maintain Fund Tax Data, as well as the payments made to each participant during the selected tax year.
Prior to producing the K-1 Summary for a specific tax year, you must enter fund income data for that year for each fund that you intend to include in the report. 
How?
To produce a K-1 Summary
1. Click PIF > Tax Reporting in the Menu Bar.
2. Choose K-1 Summary in the Report Type area.
3. Enter the remaining selection and sorting criteria to produce the report you desire. There is help available on each field.
4. Click OK to view the report.
5. Do the following, as needed:
6. Click 
when done viewing the report to return to the Tax Reporting window.
7. Click Close in the Tax Reporting window to close the function.
Notes:
· If you see an error log, fix the errors it identifies, then run the K-1 Summary again.
To print the error log, click Print, then click OK in the standard Windows Print dialog box. Alternatively, you may save the log in a file that you can print or review later. When done, click Cancel.