1120S - enter 1065 K-1

[MSSCPA]

trying to input Partner's Share of Liabilities from 1065 K-1 into 1120S.

Can't find input in S Corp program.

Does input exist?

Thank you.

[sjrcpa]

Pass thrus to pass thrus is not a strong suit of Lacerte.

i don't think it exists.

You'll need to do your own basis/at risk calculations for the S Corp's ownership of the partnership and manually apply any loss limitations.

[MSSCPA]

Thank you!

[abctax55]

Susan's right (again... 🙂

I use an excel spread sheet to track this then adjust/force the software as necessary.