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Level 2
December 15, 2023
Solved

How can I keep track of Partner Basis on his/her 1040

  • December 15, 2023
  • 1 reply
  • 7 views

How can I keep track of Partner Basis on his/her 1040

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Best answer by sjrcpa

One more question.  To print out basis schedule, Go to Setting \ Tax return \ change basis schedule to 'eith always with statements/worksheets' if I want to print it always.  Right?  


Yes

1 reply

sjrcpa
Level 15
December 16, 2023

In the K-1 input screen there are basis info inputs

The more I know the more I don’t know.
Level 2
December 16, 2023

Do you mean the Basis Limitation and Share of Liabilities sections?  Does lactate 1040 has a basis schedule to print out? Thank you. 

sjrcpa
Level 15
December 16, 2023

Yes and Yes

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