For trusts, partnerships, and S corps · Built by a CPA · No bank linking
It reports income. Not always income that reached your bank. You can owe tax on money you never touched, and no money app can do a thing with the document that tells you so. Marked Money takes the K-1 you already received and posts it into your own books. The income lands where it belongs, your basis updates, and the number that actually matters stops being invisible.
No bank linking. Bring your whole history. Export it anytime.
You know this cycle. The K-1 shows up in spring, sometimes fall. Sometimes an amended one shows up after that. It reports your share of income, deductions, and credits from a trust, a partnership, or an S corp. And some of that income may be money the entity earned for you but hasn’t paid out.
So you owe tax on income you never saw. Your accountant knows. You find out in a meeting, often too late to have done anything about it.
Meanwhile the document sits in a folder. Every finance app you’ve tried reads bank feeds, and a K-1 does not come from a bank. It cannot be synced, categorized, or tracked by any of them. The single most consequential piece of paper in your financial year is the one piece of paper your software can’t read.
That is not a small gap. That is the gap.
Marked Money is built on real double-entry accounting, the same method your accountant uses, with a plain-English surface on top. That is what makes this possible. You cannot post a K-1 into a categorized bank feed. You can post it into books.
Here is what that means when your K-1 arrives.
Each box goes where it belongs. Ordinary income, interest, dividends, capital gain, and yes, the tax-exempt interest in Box 14A that most tools have nowhere to put. Your income statement finally reflects what you actually earned, not just what hit your checking account.
Partnership basis and S corp stock basis are tracked as the entries post. The number your accountant asks for every year, the one you usually reconstruct from scratch, is just there, and it ties to your books.
The cash the entity actually sent you during the year is recorded as it arrives. When the K-1 lands, a guided step reconciles what you received against what was reported. The residual closes cleanly. Nothing is left hanging or double-counted.
What you will report versus what actually reached you. The phantom income, named and visible, in your own financial picture, while there is still time to plan for it.
Read this part carefully, because it is the difference between a tool you can trust and a tool that gets you in trouble.
Marked Money does not compute your tax. It does not apply basis limitations. It does not fill out a form or produce anything the IRS or a partner reads. That is your accountant’s work, and it should stay there.
What Marked Money does is get the K-1 you received onto your own books, correctly, so the picture is complete and your accountant gets clean records to work from instead of a shoebox. We provide the mechanism. Your CPA provides the judgment. The software will hold any account you and your accountant decide to add, but it will not invent a number that could be wrong or give false comfort to a bank.
That restraint is deliberate. A tool that guesses at your tax is a tool that can be wrong about your tax. This one doesn’t guess.
You’re a beneficiary. Distributions arrive during the year, the K-1 reports the character of what you received, and Marked Money reconciles the two. You don’t own the trust’s assets, so the app doesn’t pretend you do. The only thing that lands on your balance sheet is what’s genuinely yours.
You’re a partner or an LP. Your share of income and deductions posts to your books, your outside basis is tracked as it moves, and distributions reconcile against what was allocated. The basis number you always have to dig up is just maintained.
You’re a shareholder. Your share posts, your stock basis updates, and distributions reconcile. Same discipline, same clean records for your accountant at year end.
This page is not for everyone, and that’s the point.
If your financial life is a paycheck and a savings account, you don’t need this, and there are simpler tools that will serve you well. Marked Money’s household features are good, but the K-1 machinery isn’t why you’d come.
This is for the person whose money shows up on a K-1 instead of only a pay stub. An LP in real estate or private deals. A beneficiary of a family trust. A shareholder in an S corp. Someone with a partnership interest, or two, or five. Someone who has spent years keeping a spreadsheet because no app could hold what they actually own.
If that’s you, this was built for you specifically. As far as we know, nothing else was.
What’s real right now: Trust, partnership, and S corp K-1 entry, live in the beta. Character income to your income statement, including Box 14A exempt interest. Partnership and S corp basis tracked on your balance sheet. Distributions reconciled against the K-1. Real double-entry underneath, accountant’s view when you want it, every figure labeled measured or estimated.
What we don’t do, on purpose: Compute your tax. Apply limitations. Produce a tax form. That’s your CPA’s work and we hand them clean books to do it.
What isn’t here yet: Mobile apps. Multi-currency, U.S. dollars only for now. Books that split ownership across multiple partners in a single set, so a partnership you manage, as opposed to one you hold an interest in, needs a capital account per owner that these books don’t yet keep.
I’d rather tell you that now than have you find it in week three.
I’m a CPA. Under the simple surface of this app sits tax machinery most accountants don’t build once, let alone maintain: partnership basis, trust character flow, S corp stock basis, depreciation. On the homepage I say you’ll never see it, and for most people that’s true and it’s the point.
But if you’re here, on this page, you might be the person who wants to know it’s there. It is. It’s why the K-1 numbers are right instead of approximately right. And when you have a question about how any of it works, you’ll be asking the person who wrote the code.
Mark Wadlington, CPA
Set up your books, bring in your history, and when the K-1 arrives, put it where it belongs. Free during the beta. The first 100 accounts get a founding-member price, locked for as long as you keep the account.
Free during beta · No bank linking · Export anytime
If you want to see the thinking first: the Learn essays explain the accounting decisions underneath, including which numbers are exact and which are your estimates.