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Level 2
October 12, 2021
Solved

1065 K-1 Part II

  • October 12, 2021
  • 3 replies
  • 35 views

Is there a place in ProSeries to enter the information that appears in Part II of a 1065K-1?

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Best answer by Intuit_Matt B

If you are within a 1065 return, this information should pre-fill on the Schedule K-1 from the Schedule K-1 worksheet.

Within the 1040 return, any applicable information from the K-1 can be entered on the Schedule K-1 worksheet. This only includes the partner type and whether the investment is at-risk or not.

3 replies

Employee
October 12, 2021

If you are within a 1065 return, this information should pre-fill on the Schedule K-1 from the Schedule K-1 worksheet.

Within the 1040 return, any applicable information from the K-1 can be entered on the Schedule K-1 worksheet. This only includes the partner type and whether the investment is at-risk or not.

Kathy17Author
Level 2
October 12, 2021

Thank you for your prompt response.

So there is no way to keep track of Part II item L capital account analysis within the 1040 in ProSeries?

Employee
October 12, 2021

Correct. That is tracked at the 1065 level.