Supported Tax Forms
TaxAutomate extracts structured data from the following tax forms for import into Drake and ProSeries.
W-2 (Wage and Tax Statement)
Supported Fields
- Box 1: Wages, tips, other compensation
- Box 2: Federal income tax withheld
- Box 3: Social security wages
- Box 4: Social security tax withheld
- Box 5: Medicare wages and tips
- Box 6: Medicare tax withheld
- Boxes 15-17: State wages and withholding
- Boxes 18-20: Local wages and withholding
- Employer name, address, and EIN
- Employee name, address, and SSN
Review Recommendations
- Verify SSN matches client records
- Confirm state withholding amounts for multi-state returns
- Check Box 12 codes if present
1099 Forms
1099-NEC (Nonemployee Compensation)
Issued to independent contractors and self-employed individuals.
- Box 1: Nonemployee compensation
- Box 4: Federal income tax withheld
- Payer/Recipient name, address, TIN
1099-INT (Interest Income)
Reports interest income from banks and financial institutions.
- Box 1: Interest income
- Box 2: Early withdrawal penalty
- Box 4: Federal income tax withheld
- Box 8: Tax-exempt interest
1099-DIV (Dividends and Distributions)
Reports dividend income and capital gain distributions.
- Box 1a: Total ordinary dividends
- Box 1b: Qualified dividends
- Box 2a: Total capital gain distributions
- Box 4: Federal income tax withheld
1099-MISC (Miscellaneous Information)
Reports miscellaneous income including rents, royalties, and prizes.
- Box 1: Rents
- Box 2: Royalties
- Box 3: Other income
- Box 4: Federal income tax withheld
1098 Forms
1098 (Mortgage Interest Statement)
- Box 1: Mortgage interest received
- Box 2: Outstanding mortgage principal
- Box 5: Mortgage insurance premiums
- Property address
1098-T (Tuition Statement)
- Box 1: Payments received for qualified tuition
- Box 5: Scholarships or grants
- Institution name and EIN
1098-E (Student Loan Interest)
- Box 1: Student loan interest received by lender
- Lender name and address
K-1 Forms
K-1 forms report a partner's or shareholder's share of income from pass-through entities.
Supported
- Schedule K-1 (Form 1065): Partnership income
- Schedule K-1 (Form 1120-S): S corporation income
Not Supported
- Schedule K-1 (Form 1041): Estate and trust income
- K-1s with supplemental schedules exceeding 2 pages
- Foreign partnership K-1s
Note: K-1 forms require manual review. Verify footnotes, state allocations, and basis limitations.
Known Limitations
- Handwritten forms are partially supported; accuracy varies
- Scans below 150 DPI may produce incomplete extractions
- Non-English forms are not supported
- Forms from tax years before 2020 may have reduced coverage
- Password-protected PDFs must be unlocked before upload
TaxAutomate does not guarantee 100% accuracy. All extracted data should be reviewed by a qualified tax professional before filing.