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I am preparing a partnership return that is a partner in several ptps. When we export the K-1 to the 1040 will the information from the ptps transfer individually?

nbeck
Level 3

I am preparing a partnership return that is a partner in several ptps.  When we export the K-1 for the partnership to the 1040 will the information from the ptps k-1 transfer individually so you can keep up with basis?

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George4Tacks
Level 15

I support  Phoebe. https://accountants-community.intuit.com/questions/1822546-form-1120s-sch-k-1-line-17-code-v-asteris... seems to also support the difficulty with too many activities in one partnership. 


Answers are easy. Questions are hard!

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3 Comments 3
PhoebeRoberts
Level 11
Level 11
In my experience, K-1 data export does not work well for very complex returns. You should plan to enter the separate activities manually.
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sjrcpa
Level 15
:+1::+1:
The more I know, the more I don't know.
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George4Tacks
Level 15

I support  Phoebe. https://accountants-community.intuit.com/questions/1822546-form-1120s-sch-k-1-line-17-code-v-asteris... seems to also support the difficulty with too many activities in one partnership. 


Answers are easy. Questions are hard!
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