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Entering 1120S K-1 Supplemental Information

by Intuit Updated 2 years ago

How is Supplemental Information entered for an 1120S Federal K-1?

It can be entered for specific shareholder(s), or for all shareholders.

For Specific Shareholder(s):

  1. From the detail view, go to Screen 34, (K-1 Supplemental Info.(Per S/H)).
  2. Select a Shareholder.
  3. Click on the entry field, and press Ctrl+E.
  4. Enter the desired information, and click on OK when done.
  5. Repeat steps 2 to 4 as needed.

For  All Shareholders:

  1. From the detail view, go to Screen 35, (K-1 Supplemental Info.(All S/H)).
  2. Click on the entry field, and press Ctrl+E.
  3. Enter the desired information, and click on OK when done.

The above procedures will produce K-1 Supplemental Information for 1120S for either Select shareholder(s), or for All shareholders.

Lacerte Tax

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