ProWeb - Form 1040 - Schedule K-1 (Form 1065) Entity Information

To enter a K-1 (Form 1065) in TaxSlayer from the Main Menu of the Tax Return (Form 1040) select:

1. Federal Section
2. Income Menu
3. Other Income
4. K-1 Earnings - Select 'Begin' next to Schedule K-1 (Form 1065).

See below basic information on each part of the Income section of the Schedule K-1 1065 Menu. For additional information regarding the requirements for Schedule K-1 (Form 1065) see: Partner's Instructions for Schedule K-1 (Form 1065).

For detailed information about the options below, please click here.

Part II - Information About the Partner

• Check here if the partnership is Foreign
  
  
• Partnership belongs to

Part I - Information About the Partnership

• Partnership Name/EIN/Address

Check the box if... 

• K-1 is from Passive Entity 
  
  
• There is an amount on line 2 and this is a NonPassive Entity and you Materially Participate 
  
  
• There is an amount on line 2 and you Actively Participate 
  
  
• All Investment is At-Risk 
  
  
• Entire Interest in Investment has been disposed
  
  
• K-1 is from a Publicly Traded Partnership (PTP) 
  
  
• Prior Year Unallowed Loss

NOTE: This is a guide on entering Schedule K-1 (Form 1065) into the TaxSlayer program. This is not intended as tax advice.

Additional Resources:

Partner's Instructions for Schedule K-1 (Form 1065)

ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Overview

ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Income

ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Deductions

ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Credits