Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Intuit
Virtual · Free
Elevate 2026
Tax Day isn't the finish line — grow your firm at our two-day virtual conference
Free CPE/CE
Intuit
Virtual · Free
Elevate 2026
Tax Day isn't the finish line — grow your firm at our two-day virtual conference
Free CPE/CE
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- How do I show death of a Partner and transfer of ownership to his spouse in 1065 rteurn?
How do I show death of a Partner and transfer of ownership to his spouse in 1065 rteurn?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Jim S2
Level 1
02-15-2021
02:33 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
40% partner passed in 4/20 and his ownership interest passed to his spouse.
How do I reflect that and add his spouse as new partner in Form 1065 in ProSeries?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
Accountant-Man
Level 13
02-15-2021
03:01 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
First, enter new Partner's name, address and SSN(or EIN) on "Schedule K-1 Worksheet."
Next, go to other k-1 worksheet page for changes, "Additional Special Allocations and Weighted Average Worksheet." Enter the date of death for the decedent and enter the new partner's ownership(40% with that date also.
I am not going into any capital changes for step ups in this thread.
** I'm still a champion... of the world! Even without The Lounge.
