• CCH Axcess Tax
• CCH ProSystem fx Tax
• 1065
• Worksheet
• 2020
• Schedule K-1

• Section 59A(e) will no longer flow to Schedule K-1, Line 20AG because the IRS has moved this to report on the Schedule K-1, Lines 16AA, BB, CC. Starting in tax year 2020, all partnerships are subject to the gross receipts test.

1. When there is gross income, a statement for Section 448(c) will print on Schedule K, Line 20C. This will flow to Schedule K-1, Line 20AG.  
2. Go to Foreign > Foreign Taxes worksheet.
3. Expand Section 1 - Foreign Tax Information.
4. In Line 1 - Foreign country, select applicable country code from the drop-down field. 
5. Expand Section 8 - Additional Foreign Tax Information.
6. In Lines 1-4. 448(c), input applicable 159A-7(e)(2) amount for the applicable current and prior year.
   • Input is used for 163j calculations by the partners and will only include trade or business gross receipts.
   • Amounts do not include farm, rent, or depletion gross receipts.
   • This information is provided for to all partner types.
7. Calculate the return.

Override: Income/Deductions>Schedule K Income/Deduction Overrides>Schedule K Overrides>Schedule K- Other Items>Line 21 (K-11A, box 34).

Manual Overrides:

1. Partners > Schedule K-1 Overrides worksheet.
2. Select applicable partner.
3. Select Detail.
4. Expand Section 1 - Federal or State Code and Partner Name
5. In Line 1 - Federal, State or City Code, select FD.
6. In Line 2 - Partner number - verify applicable partner number is populated.
7. Expand Section 21 - Other Information.
8. In Line 42 - L20AH Other Information (Use if not using detail), input applicable amount.
9. Repeat steps 5-8 for any additional partners.
10. Calculate the return.

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