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New Member
posted Jun 4, 2019 8:26:18 PM

Where do you input the % from the k1 , Part II, J?

0 3 782
3 Replies
Level 3
Jun 4, 2019 8:26:43 PM

Go to the K-1 section:

1.  Click Federal on the left-hand side menu.

2.  Click Income & Expenses across the top.

3.  Scroll down to S-corps, Partnerships, and Trusts and click Show more.

4.  Click Start or Update by Schedule K-1.

Click Edit next to the K-1 you need to edit.

Click Continue (at least 5 times) till you get to the screen below.

Returning Member
Mar 30, 2020 1:38:37 PM

There is "no Screen below"  

 

Expert Alumni
Mar 30, 2020 1:47:39 PM

If this is S-Corp (1120S), when you select edit next to the K1,the third screen will allow you to put in your percentage of ownership. and will populate in part 11 of your K1.