Special allocation isn't correct
The Allocation Display feature can help determine why an amount didn't carry to the K-1 as expected.
If, after computing the return, you find the amount carrying to the partners isn't correct in
Tax Forms
, Federal
, Partner Review
, Columnar Review
, Income
, view the allocation display detail. Check to see if the allocation code was used at 2 different levels of detail. A typical place for this to happen is in
Organizer
, Schedule K
. If you find this to be the case:- the special allocation code must be removed from the detail amount(s) or
- the special allocation code must be removed fromOrganizer,Schedule Kand applied at the detail level.
You'll also want to verify special allocation codes that were created using amounts can only be applied to items with the same/totaled amount. Special allocation codes that were created using percentages can be used as many times as needed.
