Skip to main content
Level 5
April 9, 2025
Question

How to report K1 Partnership

  • April 9, 2025
  • 1 reply
  • 11 views

TP received Sch K-1 from his partnership. I've not included one of these on a personal return before and was hoping for some guidance. Other than entering the standard information and Partner's share, do I need to be including somewhere on the return the information from Part II L Partner's Capital Account Analysis? Or any information from the Partner's Basis Statement that's attached? TIA. 

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
April 9, 2025

You already asked

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/reporting-k1-partnership-on-personal-return/00/327747

Get the partner's instructions for K-1 if you don't already have them, and follow them.

The more I know the more I don’t know.
CRM2182Author
Level 5
April 9, 2025

Reading through the Partner's Instructions; it seems that is used to complete the K1 not enter the K1 on the personal return.