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1120S - K1 - Sec 199 A information transfer to 1040

carrjm
Level 1

Why does the 1120 S Line 17 Sec 199 A Supplemental information not transfer from the 1120 S K1 to the 1040 Sch K1 import fields? All the information is in the 1120S - appears to be no reason why that information would not transfer when the import function is used?

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2 Comments 2
RNeilson
Level 2

Within Proseries Pro You need to go to the schedule K-1 in the corporate return and click on the QuickZoom to schedule K-1 - 1991 Supplement.   It will show the information that then has to be put on the shareholders personal tax return.

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carrjm
Level 1

thank you for the response -- so it has to be done manually? Can you think of any reason why Intuit would not automatically flow that information through the 1120 S K1 to the 1040 Import function. I am sure when this came out 3 years ago it worked for part of a season.

 

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