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Level 1
March 11, 2021
Question

How do you get P/S Income to be automatically put on form 1065?

  • March 11, 2021
  • 1 reply
  • 2 views

If I have p/s income on p.1 of the 1065, the net income does not automatically go to Sch K on p.3. I seem to have to go the Sch K worksheet and manually enter it.  When i do that, it doesn't break it down to the partners K1.  Can this be rectified?

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1 reply

Level 6
March 11, 2021

Can you give me detail on what you mean by "p/s" income?  That term is unfamiliar to me.