Posting Entries from taxpayer K-1 (Form 1065)

ahawkes2010 · ‎04-09-2020

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?

IntuitCharlene · ‎04-09-2020

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.

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Posting Entries from taxpayer K-1 (Form 1065)

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