Solved
Where do I input information from a K-1 form 1120S in an 1120S return in Proseries?
I am preparing an 1120S whose only income comes from another K-1 Form 1120S. In other words, the S Corporation return I am preparing is a shareholder in another S Corp and has no other activity.
I just have 3 lines on the K-1 form 1120S received that I need to input into the S corp return I am preparing.
Business income
Non-deductible expenses 16c
Distributions
I am thinking, I just have to direct enter the information on Pages 3 thru 5 of form 1120S. And not report the income/distributions anywhere else in the return except input distributions also on K-1 worksheet?
