nmms
Level 4
03-13-2021
02:09 PM
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How much, if any, of the information reported to the taxpayer on Schedule K-1 Form 1065 needs to be entered in ProConnect Tax Online Form 1040?
Does the information in Part II L Partner's Capital Account Analysis need to be entered in the Income, Partnership Info (1065 K-1) Basis Information section input fields in ProConnect Tax Online Form 1040? From the attached Schedule K-1 (Form 1065), what information about the partner needs to be entered in ProConnect Tax Online Form 1040? What amounts, if any, need to be entered in which input fields of the Basis Information section (see attached screenshot)?
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