S. 199(A) - enter data in K-1

Forum|Forum|6 years ago
December 7, 2019
2 replies
13 views

I have a partnership K-1 with information from 10 pass thru entities it own showing both QTB & SSTB information. Even if I total them, only place to enter one type. Lacerte said to make up a dummy K-1 with the other

Lacerte Tax

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Best answer by George4Tacks

It is not unusual to create a 2nd K-1 input for one entity. In the past there was some passive income and some non passive, so a 2nd k-1 entry is created. Do what support suggest and create a 2nd K-1 (not really a dummy.)

George4TacksAnswer

Level 15

It is not unusual to create a 2nd K-1 input for one entity. In the past there was some passive income and some non passive, so a 2nd k-1 entry is created. Do what support suggest and create a 2nd K-1 (not really a dummy.)

Answers are easy. Questions are hard!

PhoebeRoberts

Intuit Community Champion

In the 1040 package, there are fields to enter as many activities as you'd like - the grid just expands by a row once you've filled up the ones there.

In the 1065 package, you have to enter a separate K-1 input for each activity in order to get them separately stated.

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