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Level 2
February 11, 2026
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K-1 Basis

Related products:ProSeries
  • February 11, 2026
  • 1 reply
  • 2 views

Just finishing a K-1 for a partnership.  Income and expense was no problem but entering the basis was a BIG problem.   I filled out all the subsidiary worksheets and got to the basis and had to override all entries of contributions, loans, etc. that showed have flowed automatically.

I called technical support and did a screen share and he couldn't come up with any answer than overriding.   It just should be easier than that when all the info was filled in.  I had to override to put in the cash contributed, loans paid in 2025 on each K-1 separately.

Please consider changing the programing on this issue.

1 reply

Level 6
February 11, 2026

I'm not sure exactly what you are doing. Are you working on a 1065 or editing a K-1? 

For me,entering contributions and distributions on the Sch K worksheet is probably the easiest part.  Most difficult has been to get Sch L to balance, mainly becuse of partners not keeping good books.