Terry D EA Posted March 19, 2021 Report Share Posted March 19, 2021 Where is the information below entered in Drake? I can't seem to find anywhere to add the additional codes in section 20 of the partnership K-1. I looked into the K1-P as well and none of these codes appear to exist. The only code in the drop down is A. Help please. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted March 19, 2021 Report Share Posted March 19, 2021 You'll have to look at the partner's detailed instructions for each item, decide if it applies to your client or if your client needs to file the forms that these relate to, and enter each item directly on any of those forms' input pages. 2 Quote Link to comment Share on other sites More sharing options...
Lee B Posted March 19, 2021 Report Share Posted March 19, 2021 Yeah, these Drake entry screens and the k199 ( QBI ) entry screens drive me crazy! 1 Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted March 20, 2021 Author Report Share Posted March 20, 2021 I do have that detail and it does tell me where to enter parts of it. For example, the 782 gain is supposed to go on form 4797 section II. I can't find the input for that. I did see on the partner's basis worksheet where an entry for 4797 part II but in Drake it was labeled a bit differently which throws me off a bit. There is no explanation for the gross receipts of 37,266. The AH3 depreciation adjustment for non-conforming states. Client is in Texas. I guess I'll check to see if Texas requires anything. I'm glad we're still waiting on another K-1 for this guy. Gives me some time. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.