1065-US: Entering information for Schedule B, Question 4b (FAQ)

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Question

How do I enter information for Schedule B, Question 4b?

Answer

Enter the maximum profit, loss, or capital direct and indirect ownership percentages for passthrough partnerships and trusts in Screen K1 in the K1 1065, 1041 folder. UltraTax CS defaults the country of organization to United States if the Country of organization field is blank. To enter information for a passthrough entity when no Schedule K-1 is received, use the Interest in partnership or trust field in Screen OthInfo.

Related topic: Schedules B and B-1 FAQs (1065)

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