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This article applies to:

  • Product: UltraTax CS
  • Return type: 1065 Partnership
  • Subject: schedule-k1-subject

Add a partner footnote

You can add a footnote in UltraTax CS for 1 or more partners on a tax return. Partner footnotes will show up in box 20 with code AH on the Schedule K-1 for those partners.
  1. With a Partnership client open, go to the
    Partner Info, Basis
     folder and select the
    KSup
     screen.
  2. Enter the footnote in the
    Description
     column.
  3. Select
    Ptr Alloc
     in the
    Specially Allocate?
     column.
  4. Select
    Specially Allocate
     and
    Percentage
    .
  5. Enter percentages in the
    %
     column for each partner the footnote applies to.
    note
    Example:
     If the footnote applies to 1 partner, enter "100" in the % column for that partner. If it applies to 2 partners, enter "50" for each partner.
  6. Select
    OK
    .

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