How is information from Schedule K-1 Form 1065 Part II entered in Form 1040?

[nmms]

How much, if any, of the information reported to the taxpayer on Schedule K-1 Form 1065 needs to be entered in ProConnect Tax Online Form 1040?

Does the information in Part II L Partner's Capital Account Analysis need to be entered in the Income, Partnership Info (1065 K-1) Basis Information section input fields in ProConnect Tax Online Form 1040? From the attached Schedule K-1 (Form 1065), what information about the partner needs to be entered in ProConnect Tax Online Form 1040? What amounts, if any, need to be entered in which input fields of the Basis Information section (see attached screenshot)?

[knmkn]

Did you ever figure it out? This is my current problem

[George4Tacks]

Ideally you should confirm that what is on the K-1 matches the clients actual basis. Generate a basis schedule to confirm there are not deductions in excess of basis and ultimately be able to properly report the gain or loss when the activity terminates. The schedule is not currently required for a 1065, but it is not a bad idea to get in the habit of doing it. The form generated is Federal Basis Limitation Worksheets