Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

How can I keep track of Partner Basis on his/her 1040

john-jbacpa
Level 2

How can I keep track of Partner Basis on his/her 1040

0 Cheers
1 Best Answer

Accepted Solutions
sjrcpa
Level 15

Yes

The more I know, the more I don't know.

View solution in original post

5 Comments 5
sjrcpa
Level 15

In the K-1 input screen there are basis info inputs

The more I know, the more I don't know.
john-jbacpa
Level 2

Do you mean the Basis Limitation and Share of Liabilities sections?  Does lactate 1040 has a basis schedule to print out? Thank you. 

sjrcpa
Level 15

Yes and Yes

The more I know, the more I don't know.
john-jbacpa
Level 2

One more question.  To print out basis schedule, Go to Setting \ Tax return \ change basis schedule to 'eith always with statements/worksheets' if I want to print it always.  Right?  

0 Cheers
sjrcpa
Level 15

Yes

The more I know, the more I don't know.