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Level 3
December 7, 2019
Solved

Enter K-1 info from a partnership onto an S Corp 1120S

  • December 7, 2019
  • 1 reply
  • 11 views

Is there a place to enter K-1 info from a partnership onto an S Corp 1120S in one input screen?

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Best answer by George4Tacks

Yes. Schedule K > 6th item is Passthrough Entity K-1 Information That is followed by descriptions and line numbers for entry from a k-1

1 reply

George4Tacks
Level 15
December 7, 2019

Yes. Schedule K > 6th item is Passthrough Entity K-1 Information That is followed by descriptions and line numbers for entry from a k-1

Answers are easy. Questions are hard!
Level 4
April 1, 2021

Working in ProSeries 2018 1120-S.

I would expect the same, but it's not.

Schedule K is on Form 1120s p1-2

Line 5 Other income (loss) (attach statement):

You enter Name, EIN, addr etc from a K-1 received from a partnership into this S-Corp