1065-US: Specially allocating Schedule K-1, item K liabilities to partners (FAQ)

Alerts and notices
Leave feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

MFA required for electronic filing

Effective May 3rd, the 2017 version of UltraTax CS requires multi-factor authentication (MFA) to transmit e-files from CS Connect. Find out more.

Question

Where do I specially allocate the Schedule K-1, Item K liabilities (Partner's share of Nonrecourse, Qualified nonrecourse financing, and Recourse) at year end?

Answer

Use the Ptr Alloc buttons in the Partner Share of Liabilities section of Screen SepK in the associated activity to allocate the amount of each type of liability to the partners.

Related topic: Partner liabilities FAQs (1065)

Share This