How do I enter a Publicly Traded Partnership K-1 passthrough in a 1040 return using worksheet view?

This video provides an overview of how to enter a Publicly Traded Partnership (PTP), shows the calculations and flow throughout an individual return.



There are two scenarios for entering a Publicly Traded Partnership into a 1040 return:
  1. Coding the entire IRS K-1 1065 entity as a Publicly Traded Partnership. Or,
  2. Coding a specific activity within an IRS K-1 1065 as a Publicly Traded Partnership.

To code the entire IRS K-1 1065 entity as a Publicly Traded Partnership, do the following:
  1. Go to Income > Partnership Passthrough (K-1 1065).
    • Select Section 1 - General.
      • In Line 1 - Partnership Code, use the drop-down to select code T - Publicly Traded Partnership.
  2. Calculate the return.

To code just a specific activity within an IRS K-1 1065 as a Publicly Traded Partnership, do the following:
  1. Go to Income > Partnership Passthrough (K-1 1065).
    • Select Section 2 - Activity.
    • If there are multiple activities, click Select, located in the upper left corner of the section, select the appropriate activity and click OK
      • In Line 13 - PTP, select the check box.
  2. Calculate the return.
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