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Level 2
April 3, 2025
Solved

Entering two separate K-1 from same Partnership

  • April 3, 2025
  • 1 reply
  • 5 views

I have three K-1's from same partnership due to type of accounts that are all entered into three K-1.. All calculations are fine. But the program is combining the two Basis Schedule into one (both same taxpayer). I would like to see them separated out. Is there a trick to do that?

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    Best answer by SJS

    Found the answer. If the Basis is zero then must enter "-1" in the field to generate the form.

    1 reply

    SJSAuthorAnswer
    Level 2
    April 4, 2025

    Found the answer. If the Basis is zero then must enter "-1" in the field to generate the form.