Tax Explorer
Level 4

Hi,

On ProSeries, is there a way to add a K-1 Footnote on the 1120-S K-1s to distinguish between Interest Income from "regular" interest income and U.S. Obligations? There are two different fields on the 1120-S Schedule K for regular interest income (Line 4a) and interest income from U.S. obligations (Line 4b) and I want the breakout to show on the 1120-S K-1 footnote. Is there a way for ProSeries to automatically show the footnote? If not, how can I get the footnote to show?

What about for 1065 K-1s?

1120-S Schedule K - Line 4 Interest Income Breakout.png

0 Cheers