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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.
- With a Partnership client open, go to thePartner Info, Basisfolder and select theKSupscreen.
- Enter the footnote in theDescriptioncolumn.
- SelectPtr Allocin theSpecially Allocate?column.
- SelectSpecially AllocateandPercentage.
- Enter percentages in the%column for each partner the footnote applies to.noteExample: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.
- SelectOK.