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Level 5
January 26, 2023
Solved

Partner notification re K-3

I'm looking for the box to click to add the required notification to all the K-1's stating that a K-3 will not be provided unless requested. Ready to print the first 1065 for the year and remembered this requirement. But it seems nowhere to be found.

Just a place to compose and enter my own verbiage that would appear on all the K-1's would be better than nothing. Am I missing something or do I need to patient and see if this functionality shows up soon?

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Level 6
January 27, 2023

If you type your statement on line 20c page 4 of the Form 1065 (the Other Information Section) it will transfer automatically to all Partner K-1s. No cut and paste is needed.

22 replies

IRonMaN
Level 15
January 26, 2023

I finished up a couple of small partnerships with 2 partners each today.  I just ended up typing that in the supplemental information section of the K-1 worksheet below line 23.  Then I cut and pasted into the other partner's K-1.  Not the greatest solution but it works if you only have a couple of partners.

Slava Ukraini!
Level 6
January 27, 2023

If you type your statement on line 20c page 4 of the Form 1065 (the Other Information Section) it will transfer automatically to all Partner K-1s. No cut and paste is needed.

IRonMaN
Level 15
January 27, 2023

Perfect - thanks!

Slava Ukraini!