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The NAIC Club Tax Printer works with NAIC Club Accounting or NAIC Online Club Accounting software to automatically generate partnership tax forms required for submission to the IRS, saving club treasurers hours of arduous work. The NAIC Club Tax Printer prepares the Federal Form 1065’s Schedule K and Schedule D for your club, as well as the Schedule K-1 for each club member. There is also a California state version, which produces the CA State Form 565, Schedule D & Schedule K-1. This product is released annually around December, soon after the IRS releases final versions of the forms.