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Future of professionals report 2025
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Screen ALK1-2 - Alabama Schedule K-1 - Current Income (1040)
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Overview
The
ALK1-2
screen is virtually identical to the federal K1-2
screen, and the information that appears in this screen is automatically transferred from the federal K1-2
screen or the state allocation spreadsheet. Use the ALK1-2
screen to complete the Schedule E for resident and part-year tax returns and the recalculated Alabama version of federal Schedule E for nonresident tax returns.Forms 1065 & 1120S Schedule K-1 - Activity Information
Income from all sources
Schedule K-1 income from all sources defaults to the Alabama income amount or, if the postal code is other than
AL
, the default income is based on the data entered in the Income
section in this screen. Use this field to force an amount other than the calculated amount. Data in this field appears in column B of the nonresident Alabama Schedule E, Part II. Schedule K-1 income from all sources defaults to the Alabama income amount. Use this field if the Alabama income is different from the federal income.