K-1 import
Use this Organizer to select the type of transfer and enter information you'll be using in the transfer process.
Summary imports
If you are doing a summary import, all fields except activity number are mandatory. A summary import will transfer data from the source return at the Schedule K-1 level.
Activity imports
The activity import will transfer information from the source return for each partner selected at the activity level. Each activity in the source return for each partner selected will import as a separate Pass-Through Entity in the target return.
If this is the first time the partner information imports on an activity basis, all fields for that partner except activity number are mandatory.
If this is a subsequent import for this partner on an activity basis, fields for that partner are ALL mandatory. To determine the correct activity number for importing, Select the partner's name, locate the partner and activity number you want to import to. Then return to this screen, and enter that activity number for the partner.
note
To go to this Organizer, select
Organizer
, Income and Deductions
, Pass-through Entities
, Sch. K-1 Transfer to 1120
, then Transfer K-1 Information
.
