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10104: 1065/1120S - Item F Total Assets


1065 Partnership

How do I enter an amount in Box F Total Assets on an 1120S return? on a 1065 return?

Item F is completed automatically by the software based on asset data entry in the return.

Form 1120S

It is not required if the answer to Schedule B, question 10 (gross receipts and total assets are less than $250,000) is “YES” but may be entered on the Print Options screen (PRNT). An entry here will override the total asset amount carried from Schedule L.

Form 1065

It is not required if the answer to Schedule B, question 6 (Does partnership meet all requirements listed for question 6 of Form 1065?) is “YES” but may be entered on the Print Options screen (PRNT). An entry here will override the total asset amount carried from Schedule L.

Note: If you elect (on the PRNT screen) to Force-print Schedule L and M-1 (for the 1120S) or Force Schedules L, M-1, M-2, & K-1 Section L (for the 1065) the total assets will also print in Item F.


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