Schedule K-1 item L current year net income (loss) incorrect
Suppress or move amortization expense from Line 21 on Federal Form 1065 Page 1 to Schedule K.
Line 21 on Federal Form 1065 Page 1 shows amortization expense.
You can suppress this line or transfer the amortization expense to
Other Portfolio Deductions
on Schedule K instead.- To suppress this line:
- Go to .
- RemoveNONEfrom line21 Other Deductions: Amortization.
- Do a full recompute, then print or recreate the e-file.
- To transfer the amortization expense to Schedule K:
- Go to .
- Mark the checkbox forCarry amortization expense to other portfolio deductions on Sch K instead of to Form 1065, Page 1.
- Do a full recompute, then print or recreate the e-file.
