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    K-1 Code Sheet not printing ProSeries 2020

    jkfmsi
    Level 4

    We've noticed that when printing K-1's, the sheet that explains the box codes does not print in 2020.  Is there a new setting to get this to print? We cannot seem to find it. Thanks!

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    Accepted Solutions
    msmith7305
    Level 7

    That option is no longer available. In 2020 the IRS does not provide a Code page 2.

    That's why the box you refer to is automatically marked "No" and can not be changed.

    Codes now included in separate K-1 instructions.

    This is also true for 1120S K-1s.

    It is available for 1041 K-1s.

    Go figure.

     

     

     

     

    View solution in original post

    4 Comments 4
    Accountant-Man
    Level 13

    It is called "page 2." Do you have the box checked on the Info Worksheet to prevent page 2?

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    jgassler
    Level 3

    See the instructions.  IRS no longer includes a list of codes as page 2.  the program automatically puts NO in this option.  I haven't looked, but the help says the list is available as part of the partner instructions.

    denise
    Level 2

    On the Information Worksheet, same worksheet you entered the partnership name, address, ID #, scroll down to Part IV, Partner Printing Options  Include page 2 of Schedules K-1 code descriptions and mark the box

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    msmith7305
    Level 7

    That option is no longer available. In 2020 the IRS does not provide a Code page 2.

    That's why the box you refer to is automatically marked "No" and can not be changed.

    Codes now included in separate K-1 instructions.

    This is also true for 1120S K-1s.

    It is available for 1041 K-1s.

    Go figure.