Knowledge Base Solution - How do I enter a Schedule K-1 footnote with a 1065 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

How do I enter a Schedule K-1 footnote with a 1065 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

Go to Partners > Schedule K-1 Footnotes worksheet.
In Line 1 - FS and State, select options applicable to the footnote, if it should only apply to a specific tax authority.
In Lines 2-9, enter the applicable information.
In Grid 10, in the Description and/or Amount column, enter the footnote.
- Note: There is a 60 character limit per line.
Calculate the return.

Note

The K-1 footnote input defaults to prepare for partners whose share of an item is $1 or more.
- To change the default, in Line 2 - Print options, select from the following options:
  - All partners with profit/loss pcts
  - General partners with P/L pcts only
  - Limited partners with P/L pcts only
  - All partners (allocate amount)
  - All partners (entire amount to each)
Partner-specific footnotes can be created using line 5 - Partner Number.
Ratio allocation is available in line 7 - Ratio ID number, and Grid 10 - Ratio ID column, to specially allocate the entire footnote, and/or specific lines of each footnote.

Solution Id	000201048/000041781
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