Limitations of Schedule K-1 Transfer
- Foreign partner's information only transfers for summary.
- Transfer from 5227 trusts or grantor trusts isn't available.
- These transfer utilities only function for returns with the same processing year.
- The following items on Schedule K-1 don't carry to the 1040 return. You must type these amounts in the Organizer, Schedule K-1 Information screen.
1040 K-1 lines | 1065 K-1 lines | 1120S K-1 lines | Description |
|---|---|---|---|
4f | 4f | Other portfolio income (loss) | |
7 | 8 | Other income detail | |
11 | 10 | Other deductions detail | |
4d | Amortization | ||
12a | Credit for alcohol used as fuel | ||
12b-g | Deductions for the final year of trust or decedent's estate | ||
13a | Payments of estimated taxes credited to you | ||
13a | Credit for income tax withheld | ||
13c-e | 12c-e | Credits related to rental real estate activities | |
14 | 13 | Other credits | |
15C | Gross nonfarm income | ||
11c | 16e | 14e | Other adjustments and tax preference items |
10 | 17a-g | 15a-g | Foreign taxes |
18a-b | 16a-b | Expenditures to which a §59(e) election may apply | |
20 | Property distributions (including cash) other than dividend distributions reported to you on Form 1099-DIV | ||
21 | Loan repayments for "Loans from Shareholders" | ||
22a-b | 22a-b | Recapture of low-income housing credit | |
13c | 23 | 23 | Supplemental information / Other items |