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1065 K-1 Part II

Kathy17
Level 1

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

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Matt B
Employee
Employee

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.

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Matt B
Employee
Employee

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.

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Kathy17
Level 1

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?

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Matt B
Employee
Employee

Correct. That is tracked at the 1065 level.

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