To enter a partnership Schedule K-1 (Form 1065) in TaxSlayer ProWeb, from the Federal Section of the Tax Return (Form 1040) select:
- Income
- Other Income
- K-1 Earnings - Select Begin next to Schedule K-1 (Form 1065).
Some items on the K-1 may not have a direct entry point in the Schedule K-1 menu. See the partner's instructions here if you need assistance determining how to report an item with no entry point.
Self Employment Earnings
- Line 14A - Net Earnings (Loss) from Self-Employment
- Line 14B - Gross Farming Income
- Line 14C - Gross Non-Farm Income
See here for more information about self-employment income.
Credits
- Line 15O - Backup Withholdings
See here for more information about backup withholding.
Alternative Minimum Tax Items
- Line 17A - Post-1986 Depreciation Adjustment
- Line 17B - Adjusted Gain or Loss
- Line 17 C - Depletion (Other than Oil & Gas)
- Line 18A - Tax Exempt Interest Income
- Line 20A - Investment Income
- Line 20B - Investment Expenses
- Amount to Adjust from the Net Investment Income
See here for more information about AMT.
Note: This is a brief guide on entering Schedule K-1 (Form 1065) into TaxSlayer ProWeb. This is not intended as tax advice.
Additional Information:
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) - Entity Information