Common questions about partnership Other Schedule K items in ProConnect Tax

How do I enter foreign taxes for Schedule K, line 21?

1. Go to Schedule K, Other Schedule K Items in the table of contents in your 1065.
2. Click the Less Common Scenarios tab toward the top of the page.
3. Scroll down to the Total foreign taxes paid or accrued section.
4. Enter the Total foreign taxes paid or accrued.

Where do I enter self-employment for box 14?

The program can generate three different types of self-employment earnings for Schedule K-1, line 14.

Box 14, Code A

Box 14, Code A relates to net earnings from self-employment and is automatically calculated for anyone indicated as a General Partner/LLC Manager on the Partner Information screen.

The Schedule K-1 instructions state that you should enter input related to net earnings from self-employment for each general partner.

Box 14, Code B

Box 14, Code B reports gross farming and fishing income and is automatically calculated, but an adjustment entry is available. Partners (whether limited or general) need this amount to figure their net earnings from self-employment and prepare their individual returns.

Box 14, Code C

Box 14, Code C reports gross nonfarm income, and isn't calculated by the program. Partners (whether limited or general) may need this amount to figure their net earnings from self-employment and prepare their individual returns.