shareholder loan amounts on 1120-S K-1 are incorrect

[bawc79]

Shareholder loan amounts on the K-1s are being allocated based on ownership % instead of actual loan amounts. I have the correct amounts entered on the Sh Basis Wks and K-1 worksheets but PS is ignoring my numbers. Where else do I need to enter this information?

[dkh · Accepted solution]

You mean for Part II line I , correct , PS auto inputs amount based on ownership% but you can type in correct amount on each K1