How do I override Schedule K-1, Item L carried to the Other increase (decrease) line and the Current Year net income (loss) line in a 1065 return using interview forms?
- Article Type:
- How To
- Last Modified:
- 11/05/2022
Objectives
To override 1065 Schedule K-1, Item L carried to the Other increase (decrease) Line and the Current Year net income (loss) line in a 1065 return using interview forms.
Environment
- CCH ProSystem fx Tax
- 1065
- Interview
- Schedule K-1
Procedure
To override the Current year net income (loss) amount, do the following:
To override the Other increase (decrease) amount, do the following:
- Go to Federal Interview Form K-1 - Partner Information.
- In Boxes 137-155 - Current Year Net Income (Loss), enter the applicable amount.
- Go to Federal Interview Form 5A - Schedule K-1 Print, Partner Percentages, Calculation and Pro Forma Options.
- In Box 61 - X to use Interview Forms K-1, current year net income (loss), as an override, enter X.
- Calculate the return.
To override the Other increase (decrease) amount, do the following:
- Go to Federal Interview Form K-1A - Additional Partner Information.
- In Box 30 - (Mandatory) Partner Number, enter the number.
- In Box 69 - Other Increases (Decreases), enter the desired amount for the partner indicated.
- Go to Federal Interview Form 5A - Schedule K-1 Print, Partner Percentages, Calculation and Pro Forma Options.
- In Box 68 - X to use interview Form K-1A, other increases (decreases), as an override, enter X.
- Calculate the return.
Additional Information
| Solution Id | 000256630/How-do-I-override-Schedule-K-1-Item-L-carried-to-the-Other-increase-decrease-line-and-the-Current-Year-net-income-loss-line-in-a-1065-return-using-interview-forms |
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