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Level 1
September 26, 2022
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Problem with K-1 Import from Form 1065 to Form 1040

Related products:ProSeries
  • September 26, 2022
  • 1 reply
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An amount appears in the Form 1065 individual partners K-1s, but when I import the K-1s from the Form 1065 to the Form 1040 K-1 Worksheets line 21 (Foreign Tax Paid) does not import at all.  THIS NEEDS TO BE FIXED BY PROSERIES..  I am now faced with reviewing all K-1 Worksheets to determine how many returns have this problem and how many amended returns need to be filed.  

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1 reply

sjrcpa
Level 15
September 26, 2022

"I am now faced with reviewing all K-1 Worksheets"

That should be part of your normal workflow, shouldn't it? The K-1 Import feature is not perfect. You should always review everything.

The more I know the more I don’t know.