Knowledge Base

10739: 1065 - K-1 Section K Partner's Share of Liabilities

1065 Partnership

How do I get an amount to flow to the section K of the partner's K-1 Partner's Share of Liabilities?

Section K, Partner's Share of liabilities of the partner's Schedule K-1 is completed from entries made in the Schedule L, Line 18 section at the bottom of screen L. The SA links can be used to specially allocate the amounts to partner(s) as needed. 

Amounts keyed in lines 15d (Accounts Payable) and 16d (Payables less than 1 year) on the L screen are not carried to that section of the K-1.

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