How do I input Schedule K-1, line 16F in an 1120S return using CCH® ProSystem fx® Tax interview view?
- Article Type:
- How To
- Last Modified:
- 11/05/2022
Objectives
Populate Foreign Taxes paid or Accrued to carry into Schedule K, line 16f and Schedule K-1, line 16F.
Environment
CCH® ProSystem fx® Tax
1120S
S Corporation
Interview Forms View
IVF
1120S
S Corporation
Interview Forms View
IVF
Procedure
- Go to Interview Form KF-5 - Foreign Partner Information Part III Section 4.
- In Box 30 - Foreign Taxes paid, select the checkbox if applicable.
- In Box 31 - Foreign taxes accrued, select the checkbox if applicable.
- In Box 40 - Row code, select F4 (Lookup Value) and choose either option 1 or 3 from the list.
- In Box 42 - Country Code, select F4 (Lookup Value) and choose an applicable country code from the list.
- In Box 43 - Type of tax, select F4 (Lookup Value) and choose an applicable tax type from the list.
- In Box 45 - Date Tax Paid, input an applicable date in format dd/mm/yyyy.
- In Box 70-100, input applicable amount of taxes paid according to the income category type.
- Calculate the return.
Additional Information
N/A
Solution Id | 000185064/000138499 |
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