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Allow Form 1040 K-1 data entry of Boxes 1, 2, and 3 into a single K-1 Worksheet

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Allow Form 1040 K-1 data entry of Boxes 1, 2, and 3 into a single K-1 Worksheet

mchau

Allow K-1 data entry of Boxes 1, 2, and 3 to be on the same K-1 Worksheet.  The current method requires a separate K-1 Worksheet for each of the three entries.  For clients that have multiple K-1s, this is quite cumbersome and inefficient.  Thanks.

Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.

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3 Comments
Just-Lisa-Now-
Level 15
Level 15

I generally do Box 1 and all the other boxes on one K-1, the the Box 2 on one by itself....but I agree, not sure why we need to use multiple K-1s for boxes 1 and 2.

TaxGuyBill
Level 15

The problem is that if they are on the same worksheet, then for most of the other boxes you would need to tell the program if it is passive or non-passive.   

The benefit of putting them on separate K-1s is that for the other boxes you put the ones the apply to the non-passive income with the Box 1 K-1, and the other boxes that apply to passive income to the Box 2 K-1.

IntuitGabi
Community Manager
Community Manager
Status changed to: Open for voting

Thanks for the idea. We are changing the status to "Open for voting" since it is no longer considered "New". If you have any questions on the life cycle of an idea, check out our Idea Getting Started Guide for more information.

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