ahawkes2010
Level 1
04-09-2020
01:27 PM
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Posting information from a taxpayer's Schedule K-1 (1065) ...Cannot find the appropriate form/line in the automated ProSeries K-1 to post Part III - #16 - Foreign Transactions - lines (A-V)? Where should I update the Foregin Transactions? I'm able to post the entries for Part III - Lines 1-14...Need to post Foregin Transactoions. What form should I use to continue posting from this K-1?
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04-09-2020
03:34 PM
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On the K-1 Worksheet scroll down to box 16.
Enter any codes there that match up with the ones on the form you received.
Then right above line 17 there is a "QuickZoom to enter additional foreign tax information". Click on that to open an Additional Info page which has expanded entries for box 16 Foreign Transactions.
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