dkh
Level 15
02-10-2023
05:56 PM
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Had same situation, although it was a 2018 return, and yes, you will have to do a lot of overriding
Here is what I overrode .. your situation may be different
- on each shareholders K1: beginning and ending date
- on each shareholders K1: all amounts in Part III
- on K1 worksheet: ownership percentage for period of ownership (was only way to get it to flow to the K1 )
- Schedule K reconciliation columns for 12a, 13g, 15a, 16c, 16d (may be different on 2022)
- Weighted average ownership percentage worksheet: Shareholders percentage
Don't forget to attach the 1377 election and include the election verbiage at top of each K1
I'm sure that's not covering everything for a 2022 return but it gives you an idea.
Good luck