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Level 1
posted Jan 23, 2024 3:10:28 PM

Schedule K-1 by Activity Supplemental Information not populating correctly

My partnership has 2 activities.  I activated Schedule K By Activity and split the total distributive share items between Activity 1 and Activity 2.  I added Schedule K-1 By Activity to each partner's K-1, but it is only showing the Schedule K-1 total amount.  It is not populating the amounts that should be split out in Activity 1 and Activity 2 columns.  Am I doing something wrong?  Thanks!

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1 Replies
Expert Alumni
Jan 25, 2024 9:04:25 AM

The schedule K-1 only shows the partner's total share of distributive income.  The income per activity is information that the partners should receive but is not necessary for income tax purposes.

 

@anj2