How do I input Schedule K-3 information with a 1040 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?
- Article Type:
- How To
- Last Modified:
- 11/05/2022
Objectives
Input Foreign transaction data received with a Schedule K-3 from a partnership or S Corporation return by Schedule K-1.
Environment
CCH Axcess™ Tax
1040
worksheet
8865
k-2, k-3
1040
worksheet
8865
k-2, k-3
Procedure
In the 1040 system, the input for foreign income received through a K-1 has not changed in response to the Schedule K-3 - 2021. The descriptions now mention specific parts of the Schedule K-3.
-
In Partnership passthrough worksheet > Section 3 - Activity Continued, grid 16, we can see blue text to the right of the grid referring to Schedule K-3.
- In the SCorp Passthrough worksheet > Section 3 - Activity Continued > Grid 14 similarly has blue text to the right of the input grid which guides preparers to input specific parts from the K-3 received.
Additional Information
N/A
| Solution Id | 000256874/000139531 |
|---|---|
| Direct Link |
