K1 Generator Overview The K1 Generator skill produces Schedule K-1 tax documents for limited partners, handling complex tax allocations including carried interest treatment under IRC Section 1061. It ensures accurate, timely tax reporting for fund distributions. Capabilities K-1 Preparation - Generate Schedule K-1 forms - Calculate partner tax allocations - Handle tiered partnership structures - Support state K-1 requirements Tax Allocation - Allocate income by character (ordinary, capital gains) - Handle qualified opportunity zone provisions - Apply Section 1061 carried interest rules - Mana…