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Proseries Partner's basis worksheet (Partnership K-1)

swongtax
Level 4

Hello,

Is there a Partner's basis worksheet (Form 1065 K-1) in Proseries that is available to keep track of Partner's basis each year?  I cannot find it after entering in K-1 K-1 has only ordinary income, distributions, and Pass-Through Entity Tax deduction). I am reviewing a client's prior year return and trying to duplicate it, but I cannot find the Partner's basis worksheet.

Thanks for your help in advance!

SW

 

 

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1 Best Answer

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15

On the 1040? No.  

The 1065 will generate a basis statement for the partners, but the1040 in ProSeries doesn’t give us a basis statement to keep track of partners basis.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15

On the 1040? No.  

The 1065 will generate a basis statement for the partners, but the1040 in ProSeries doesn’t give us a basis statement to keep track of partners basis.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪