Michael-G--Elli s-CPA
Level 3
12-06-2019
11:13 PM
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Besides the Box 20 Misc Info on K-1, will there be anything printing with K-1 package to confirm QBI amount, etc. I've seen other software doing supplemental sheets with K-1 package showing the different amounts in columns as applicable.
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George4Tacks
Level 15
12-06-2019
11:13 PM
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Go to Settings > Options > Items to Print > Addtl K1 Package - You can include Schedule K-1 Instructions (https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf) As a minimum include the Schedule K-1 Page 2 that gives the descriptions for each line.
Consider that most recipients will be having their returns completed either by a tax professional or using software that will (hopefully) put the items in the right place.
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