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February 20, 2024
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Proseries Partner's basis worksheet (Partnership K-1)

  • February 20, 2024
  • 1 reply
  • 20 views

Hello,

Is there a Partner's basis worksheet (Form 1065 K-1) in Proseries that is available to keep track of Partner's basis each year?  I cannot find it after entering in K-1 K-1 has only ordinary income, distributions, and Pass-Through Entity Tax deduction). I am reviewing a client's prior year return and trying to duplicate it, but I cannot find the Partner's basis worksheet.

Thanks for your help in advance!

SW

 

 

    This topic has been closed for replies.
    Best answer by Just-Lisa-Now-

    On the 1040? No.  

    The 1065 will generate a basis statement for the partners, but the1040 in ProSeries doesn’t give us a basis statement to keep track of partners basis.

    1 reply

    Just-Lisa-Now-
    Intuit Community Champion
    February 20, 2024

    On the 1040? No.  

    The 1065 will generate a basis statement for the partners, but the1040 in ProSeries doesn’t give us a basis statement to keep track of partners basis.

    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪