BST
Level 2
06-16-2021
02:02 PM
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The OHIO Schedule IT K1 for Form 1065, specifically Part II Investor's/Beneficiary's Ohio Depreciation Adjustments. The Bonus/179 Depreciation Prior Year Add-Back section shows the wrong years, it shows the current year 2020 amount as 2019 and it shows the 2019 amount in 2018. Does anyone else experience this?
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PATAX
Level 15
06-16-2021
05:16 PM
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@BST is it possible for the client to ask for a corrected K1? This may be your best bet... Just my opinion
BST
Level 2
06-17-2021
08:39 AM
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Maybe I wasn't clear enough sorry - Proseries is not calculating the Ohio K1 correctly regarding the Bonus Depreciation Add Back. It seems to be a glitch to me and I wondered if any other preparer noticed and whether Proseries was fixing it.
