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January 23, 2024
Question

Schedule K-1 by Activity Supplemental Information not populating correctly

  • January 23, 2024
  • 1 reply
  • 0 views

My partnership has 2 activities.  I activated Schedule K By Activity and split the total distributive share items between Activity 1 and Activity 2.  I added Schedule K-1 By Activity to each partner's K-1, but it is only showing the Schedule K-1 total amount.  It is not populating the amounts that should be split out in Activity 1 and Activity 2 columns.  Am I doing something wrong?  Thanks!

1 reply

January 25, 2024

The schedule K-1 only shows the partner's total share of distributive income.  The income per activity is information that the partners should receive but is not necessary for income tax purposes.

 

@anj2 

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