jeancpa
Level 2
‎08-29-2020 12:55 PM

I have encountered my first form 1065 with significant tax exempt investment income.  I am having difficulty discerning where to enter it in ProSeries.  Could someone assist?

Thank you.

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Terry53029
Level 15
Level 15
‎08-30-2020 12:59 PM

You answer is in the instructions for the 1065: https://www.irs.gov/instructions/i1065#idm140672577472432

The instructions are long, but you should study them. You put them on the K1 worksheet line 18 code A

jeancpa
Level 2
‎08-31-2020 09:54 AM

Thank you for your reply. My question was not where they end up, but whether I should enter them directly on the K1 or if there was a spot on the worksheet I was missing.

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Accountant-Man
Level 13
‎08-31-2020 03:22 PM

Schedule K, page 4, line 18 a.

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