Posting information from a taxpayer's Schedule K-1 (1065) ...Cannot find the appropriate form/line in the automated ProSeries K-1 to post Part III - #16 - Foreign Transactions - lines (A-V)? Where should I update the Foregin Transactions? I'm able to post the entries for Part III - Lines 1-14...Need to post Foregin Transactoions. What form should I use to continue posting from this K-1?
This discussion has been locked. New comments cannot be posted on this discussion anymore. Start a new discussion
On the K-1 Worksheet scroll down to box 16.
Enter any codes there that match up with the ones on the form you received.
Then right above line 17 there is a "QuickZoom to enter additional foreign tax information". Click on that to open an Additional Info page which has expanded entries for box 16 Foreign Transactions.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.