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

Go to
Organizer
Footnotes and Invoicing
Partnership Footnotes
Footnote Number
.
Select
Begin this footnote on a new page
.
note
Currently there is no option to begin a partner footnote on a new page in the print file.
Do a full recompute, then print.

Go to
Organizer
Partner Information
Partner Footnotes
Without Amounts
Select the relevant footnote number, then select
To specially allocate footnote
.
In the
Attach Footnote To:
section, enter
Y
for the specific partners (or for all if intended for everyone).
note
For partners who should not have the footnote printed, define a special allocation code and enter none in the amount column for those partners. Make the allocation code is correct, don’t use the Ratio column.
Go to
Organizer
General Information
Return and Print Options
Sch K, K-1 and Activity Schedules
.
Find
Schedule K, and Schedule K-1 Print Suppression Options
.
Clear the checkbox for
Partner Footnotes
.
Go to
Organizer
Partner Information
Partner Footnotes
Without Amounts
Name
Without Amounts
SA entered to specially allocate the footnote
.
Do a full recompute, then print.

Page 1, Line 4

Go to
Organizer
Ordinary Income and Deductions
Income Summary
Income Summary
4 Ordinary income (loss) from other partnerships and fiduciaries
.
Enter the amount along with your special allocation code.
Do a full recompute, then print.

Go to
Organizer
Schedule K
Income Summary
Income summary
Line 1
and override the value flowing to Schedule K Line 1.
Then go to
Organizer
Activity Information
Pass-Through Entity
[NAME]
Pass-Through Entity Activity
and remove the entry sourcing to Page 1 Line 4. This lets Schedule K retain its total value while removing the pass-throughs interfering with Page 1.

Go to
Tax Forms
Federal
1065 - US Partnership Return of Income
Page 1
Line 4 drill down
Workpaper
Pass through entities
.
Enter the expected amount.
Do a full recompute, then print.

Page 1, Line 15

Go to
Organizer
Informational Forms
Limitation on business interest expense
Adjustments
Options Section
.
Mark the
Suppress auto Calculation for Form 8990 line 1, 6, and 23
checkbox.
Run a full recompute.