Extract data from K-1s, 1099s, W-2s, and other tax documents directly into Google Sheets. Process hundreds of forms in batch without manual data entry.
Tax preparation firms receive hundreds or thousands of tax documents every season — K-1s from partnerships, 1099s from banks and brokerages, W-2s from employers, 1098s for mortgage interest. Most arrive as PDFs. The data from each form needs to get into your tax software or a review spreadsheet before filing. Manually typing that data is the bottleneck that makes tax season brutal.
The challenge is format diversity. A K-1 from one partnership has a completely different layout than a K-1 from another. Some arrive as clean digital PDFs. Others are scanned from paper — sometimes barely legible. A 1099-B from Schwab looks nothing like a 1099-B from Vanguard. Template-based extraction tools can't keep up with the variation.
Lido uses layout-agnostic AI to extract data from any tax form format. Upload a K-1 PDF and the AI identifies Box 1 (ordinary income), Box 2 (rental income), Box 14 (self-employment earnings), and every other field — regardless of which firm prepared the K-1 or how the form is laid out. The extracted data writes directly to a Google Sheet.
For batch processing, upload hundreds of forms at once. Lido processes each one independently and consolidates the results into a single Google Sheet — one row per form with standardized columns. That Sheet becomes your working file for the entire engagement.
K-1 (Schedule K-1, Form 1065/1120-S). Partnership and S-corp income allocation. Typically the most painful to extract because layouts vary by preparer. AI extraction handles the variation without per-preparer templates.
1099 (all variants). 1099-INT, 1099-DIV, 1099-B, 1099-MISC, 1099-NEC, 1099-R. Banks and brokerages send these in dozens of different formats. Batch extraction consolidates all 1099 data into a single summary Sheet.
W-2. Employer wage and tax statements. Clean digital W-2s extract near-perfectly. Scanned or photographed W-2s have slightly lower accuracy on small-font box values but are still significantly faster than manual entry.
1098 (mortgage interest). Standard form with a few key fields — lender, interest paid, points, property tax. Straightforward extraction.
Intake: Clients upload tax documents through a shared Google Drive folder or email them to a dedicated address. Lido processes incoming PDFs automatically.
Review: Extracted data appears in a client-specific Google Sheet. The preparer reviews each row against the original PDF, confirming or correcting values. Confidence scores flag fields that need attention.
Transfer: Once verified, export the Sheet to CSV for import into your tax software (Lacerte, ProConnect, Drake, UltraTax), or use the API to push data directly.
Firms report cutting tax document processing time by 60-80% compared to manual entry. On a 200-K-1 engagement, that's the difference between a week of data entry and a day of review.
Upload a K-1, 1099, or W-2 and see extracted data in Google Sheets immediately. 50 free pages.
50 free pages. All features included. No credit card required.