1065 K-1 Part II

[Kathy17]

Is there a place in ProSeries to enter the information that appears in Part II of a 1065K-1?

[Intuit_Matt B · Accepted solution]

If you are within a 1065 return, this information should pre-fill on the Schedule K-1 from the Schedule K-1 worksheet.

Within the 1040 return, any applicable information from the K-1 can be entered on the Schedule K-1 worksheet. This only includes the partner type and whether the investment is at-risk or not.

[Kathy17]

Thank you for your prompt response.

So there is no way to keep track of Part II item L capital account analysis within the 1040 in ProSeries?

[Intuit_Matt B]

Correct. That is tracked at the 1065 level.