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Where to Enter


Terry D
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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.

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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.

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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.

 

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