Report partner's portion of the educational assistance benefits
To report a partner's portion of the educational assistance benefits on Schedule E, Line 28, follow these steps.
- Go to theK1 1065, 1120Sfolder.
- Open theOther deductionsstatement window.
- Enter the amount into theK1-3screen.noteYou can enter an amount of up to $5,250.
- If there is any amount of the educational assistance benefits exceeding $5,250, you can enter the amount on Form 8863.
- Go to theEducatescreen, in theEducatefolder.
- Enter the amount into theEligible student informationstatement window.