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Entering separately stated items from the Partnership Schedule K-1 in ProConnect Tax

SOLVEDby IntuitProConnect Tax1Updated August 03, 2021

To enter other income or other deductions:

  1. Go to the Input Return tab.
  2. Select Income from the left menu.
  3. Select Passthrough K-1's then Partnership Info (1065 K-1).
  4. Select Less Common Scenarios tab from the top submenu.
  5. Locate the Separately Stated Income and Deductions subsection.
  6. Enter items that relate to passive activities in First Passive Item.
    • Enter additions as positive numbers, and subtractions as negative numbers.
    • ProConnect Tax carries these amounts to Form 8582 and carries allowed losses from Form 8582 to Schedule E, Part II: Line 28, column G.
    • The description prints in column (A) and the employer ID number of the entity prints in column (D).
  7. Enter other items that relate to nonpassive activities in Other nonpassive items (Click on button to expand).
    • Enter additions as positive numbers, and subtractions as negative numbers.
    • ProConnect Tax carries these amounts to Schedule E, Part II: Line 28, column J, as separate line items and prints the description in column (A) and the employer I.D. number of column (D).

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