About Schedule K-1 Transfer

Use Schedule K-1 Transfer to transfer information from partnership, S corporation, trust, and estate returns into the taxpayer's individual 1040 tax return.
The system will automatically classify the transferred income as passive or nonpassive based on the activity type of the 1040 Schedule K-1.
Transfers can be made in summary, where all the income from the source entity's transferred into one Schedule K-1 activity in the 1040 return; or in detail, where the source entity's data's transferred on an activity basis into the 1040 return creating multiple Schedule K-1s in the 1040 return.

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