1120-US: Schedule K-1 statements not printing after making a section 1377 or 1368 election (FAQ)

Alerts and notices

Question

Why are Schedule K-1 statements not printing after making a section 1377 or 1368 election?

Answer

The detailed Schedule K-1 statements do not print when a section 1377 or 1368 election is made. Enter any separately stated items in the statement dialog for the Supplemental information field for each shareholder. To do this, choose View > Shareholder Information, and click the Other Info tab when a section 1377 or 1368 election is made, rather than entering the items in Screen KSep.

Related topic: 1120-US: Shareholder termination and qualifying dispositions FAQs