ProConnect HelpIntuit HelpIntuit

Entities Owned by Corporation are not flowing to Form 1120 in ProConnect

SOLVEDby IntuitUpdated July 27, 2023

This article explains why entries in the Entities Owned by Corporation screen, aren't flowing to Form 1120, page 4, Schedule K, Line 5b.

There are two possible reasons:

  1. No amount was entered in the field Percentage owned (xxx.xx) (for a partnership, enter the greater of the profit, loss, or capital percentage).
  2. The amount entered in the field was incorrectly formatted. Do not enter the percentage as a decimal figure (for example .25). Enter it as a whole number (for example 25 = 25%).

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Trending Articles