Include depletion from Schedule K-1 on Schedule E, page 1
Follow these steps to transfer the depletion to Schedule E, page 1.
- Go to the K1-6 screen in the 1120S folder.
- Mark theInclude depletion on Schedule E, page 1 (royalties)checkbox.noteMake sure to enter the depletion in theDepletionfield.
important
The client needs to have royalties entered on the K1-2 screen to transfer the depletion to Schedule E, page 1.