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Level 6
February 10, 2023
Question

Where do I enter k1 footnotes

  • February 10, 2023
  • 1 reply
  • 19 views

I have some global footnotes that apply to all partners in a return

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1 reply

dascpa
Level 11
February 10, 2023

Typically just above Schedule L (balance sheet) are lines for notes.  Items Reported on K-1 but not Schedule K.

Level 6
February 10, 2023

I just tested that and it defaults to code AH so I guess that could work.  With the new opt out of schedule K2/K3 we really need a footnote to tell clients that the forms is available on request.

Thanks for your answer