K-1 instructions are not printing with the 2020 1065 K-1's like they used to

Forum|Forum|5 years ago
January 21, 2021
13 replies
50 views

Is this new for 2020, or an oops for Intuit? Maybe an oops on my part?

Thank you!

ProSeries Professional

This topic has been closed for replies.

Best answer by msmith7305

List of codes and descriptions can be found in Form 1065 Schedule K1 instruction page 21-24 and Form 1120S Schedule K1 instruction page 24. The page numbers might be subject to change as we currently have draft versions of the instruction. It will no longer print with Schedule K1.

Well, I looked at the IRS website and now see what the issue really is. There is no separate Code page for the K-1 for either the 1065 or 1120S.

I understand why ProSeries does not have one.

This is going to be fun season.

IRonMaN

Level 15

I think that is an Inuit oops since they aren't printing on for the 1120S returns either.

Slava Ukraini!

I

ihan

Level 4

Hi, I am part of the ProSeries Fed business development team.

If you are referring to Schedule K1 Page 2 List of codes and descriptions, it is no longer with Schedule K1 in TY20. Instead, IRS moved the page 2 with the schedule K1 instruction. This would apply to both Partnership and S corporation.

M

msmith7305

Level 6

What do you mean they "moved" the instructions?

Are you saying these are not available to be printed from the program?

Do they print with the client & preparer copy?

Do they print when you just print the K-1s?

I

ihan

Level 4

List of codes and descriptions can be found in Form 1065 Schedule K1 instruction page 21-24 and Form 1120S Schedule K1 instruction page 24. The page numbers might be subject to change as we currently have draft versions of the instruction. It will no longer print with Schedule K1.

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