Form 1065 print requirements

In the
Tax Forms
, select
Federal
, then the
1065 – US Partnership Return of Income
folder.
Go to the
Page 2
tab.
Make sure
Line 4d
is marked as
No
.
If it is marked
Yes
, in the
Organizer
, select
General Information
, then the
Return and Print Options
folder.
Go to the
Form 1065, Pages 1, 6 and 1125-A
tab.
Go to the
Schedules L, M-1, M-2 and K-1, Item L Print Options
section.
Mark the
Print Schedules L, M-1, M-2, K-1, Item L, and Form 1065 Page 1, Item F amounts and detail when Form 1065, Page 2, Schedule B, line 4 is "Yes"
checkbox.
In the same section, make sure the
Print blank Schedules L, M-1, M-2 and K-1, Item L (Overrides next option below)
checkbox isn't marked.
Do a full recompute, then print the return.

Cash and Property Distributions

Go to
Organizer
Schedule K
Other Information
Other Items
Cash and Property Distributions Override
.
Enter or correct the amount and special allocation code in Line
19a - Cash and Marketable Securities Distribution
.
Do a full recompute.

Section 754 asset depreciation special allocations

In the
Organizer
, select
Activity Information
Rental Real Estate, Other Rental, Multiple Trade or Business, Pass-Through Entity, or Farm
Depreciation and Amortization
Asset Detail
or
Ordinary Income and Deductions
Depreciation and Amortization
Asset Detail
.
Under the
Specially Allocated Depreciation
section, select the option.
Section 754 depreciation included in income - The depreciation calculated for this asset is included in Schedule K, line 1, or line 2, reducing the net income reported.
Section 754 depreciation not included in income - The depreciation calculated for this asset is not reported on any line of Schedule K. GoSystem Tax RS automatically creates a Schedule M-1, line 4 adjustment for expenses recorded on books not included on Schedule K.
Special allocated depreciation included in income - The depreciation calculated for this asset is included on Schedule K, line 1, or line 2, reducing the net income.
Special allocated depreciation not included in income - The depreciation calculated for this asset is not reported on any line of Schedule K. GoSystem Tax RS automatically creates a Schedule M-1, line 4 adjustment for expenses recorded on books not included on Schedule K.
Enter a 2-digit special allocation code for Regular, AMT, and/or ACE.

Go to
Organizer
Ordinary Income and Deductions
Deductions Summary
.
Under the
Specially Allocated Depreciation Overrides
section, select the line.
Enter a 2-digit special allocation code.

Detailed statements for Form 1065, Page 2, Schedule B, Line 4b

Partnership footnotes