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

partnership k-1 note, allocate amount

RobCommentator
Level 2

I want to attach the same note to each partner's k-1 and have the system allocate an amount to each partner based on the profit and loss %.  For example, the attachment might say something like "the amount of net long term capital gain reported in box 9A from assets held three years or less is :

0 Cheers
1 Comment 1
PhoebeRoberts
Level 11
Level 11

Screen 22.1, Other Schedule K Items

Other Information section

Other Items (Line 20c)

Other items (Crtl+E)

K-1 Code AH for Other. Enter your description. Enter the amount for the entire partnership. Repeat as needed.

Screenshot 2022-05-16 103734.png