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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

Question

Why aren’t all Schedule K lines reported by activity on the worksheets?

Answer

The activity based reporting worksheets only include items needed to prepare an accurately calculated UltraTax/1040 return. Information for foreign transactions, for example, is not required to be separately reported by UltraTax/1040.

Use Screen KSup in the Partner Info, Basis folder to provide any additional information not already included on the activity based reporting worksheets.

Related topic: Activity based reporting FAQs

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