Screen ALK1-5 - Alabama Schedule K-1 - AMT, Basis Items (1040)

Overview

The
ALK1-5
screen is virtually identical to the federal
K1-5
screen, and the information that appears in this screen is automatically transferred from the federal
K1-5
screen or the state allocation spreadsheet. Use the
ALK1-5
screen to complete the Schedule E for resident and part-year tax returns and the recalculated Alabama version of federal Schedule E for nonresident tax returns.

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