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How can I keep track of Partner Basis on his/her 1040

john-jbacpa
Level 2

How can I keep track of Partner Basis on his/her 1040

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sjrcpa
Level 15
5 Comments 5
sjrcpa
Level 15

In the K-1 input screen there are basis info inputs


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john-jbacpa
Level 2

Do you mean the Basis Limitation and Share of Liabilities sections?  Does lactate 1040 has a basis schedule to print out? Thank you. 

sjrcpa
Level 15

Yes and Yes


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john-jbacpa
Level 2

One more question.  To print out basis schedule, Go to Setting \ Tax return \ change basis schedule to 'eith always with statements/worksheets' if I want to print it always.  Right?  

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sjrcpa
Level 15

Yes


Ex-AllStar