How do I input a Schedule K-1, line 20AH "Other Information" item with a 1065 return using worksheet view in CCH® ProSystem fx® Tax and CCH Axcess™ Tax?

  • Article Type:
  • How To
  • Last Modified:
  • 11/05/2022

Objectives

Learn how to input an informational item allocable to partners in a 1065 return using interview view.

Environment

  • CCH Axcess™ Tax    
  • CCH® ProSystem fx® Tax
  • 1065
  • Partnership
  • Worksheet
  • WSV
  • 20AH

Procedure

  1. Go to Income / Deductions > Schedule K Other Income / Deductions worksheet.
  2. Expand Section 16 - Summary of Sch K Items.
  3. In Column Class Code, select INF from the list.
  4. Select Detail.
  5. In Line 3 Description, input an applicable description.
  6. In Line 4Amount, input an applicable amount if needed.
  7. In Line 6 - Partner Number, input a specific partner number if we would like this item to only prepare for one partner.
  8. In Line 7 - Ratio ID Number, input a unique ratio ID number to allocate this item differently than the effective percentage of all partners during the year.
  9. In Lines 8 and / or 9 - FS and State, select options if the informational item should only apply to a specific tax authority.
  10. Calculate the return.

Additional Information

N/A

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