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Level 1
March 3, 2021
Question

Preparing a K-1 on a 1065

  • March 3, 2021
  • 1 reply
  • 6 views

Do you need to prorate the income for the K-1 for each individual on a 1065 in proseries?

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1 reply

dascpa
Level 11
March 3, 2021

Not if you enter the proper percentages on the K-1 Worksheet, it will do the math for you - unless you need Special Allocations.  Those are also found on the K-1 worksheet.