sharonbret
Level 2
12-15-2020
11:23 AM
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Thank you. Yes, my issue is not with the Form 1065, Sch K-1, it is with entering the information into the ProSeries partnership input schedule. For trust accounting income, the income is not the K-1 net income shown on the Partnership K-1 but is instead the distribution under the Uniform Principal and Income Act. I was hoping to see if Proseries would use the cash distribution as income for TAI and then use net income on the Partnership K-1 for tax income purposes. I suspect it is a little too complicated for Pro Series. Just thought I would give it a try.