Menu

Search

Knowledge Base


16932: 1065 - Section K - Recourse and Non-Recourse Loans


1065 Partnership

How do I get the nonrecourse, qualified nonrecourse, and recourse loans into Section K of a K-1?
 

Section K of the K-1 is calculated by filling out Schedule L, Line 18 - All Nonrecourse Loans. This is done in data entry of the 1065 return on Screen L - Assets, Liabilities, and Capital. Data from line 18 of Schedule L flows to Part II, line K, of the appropriate Schedule K-1, based on partner ownership percentage. Click on the F1 Field Help inside each field for more information or see IRS 1065 Instructions.

 

If you would like to have the software allocate on something other than partner percentage, then the SA - Special Allocation links will allow you to do so. See the Related Links below for more information. 


Related Links


Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 13K times.
Last Modified: 3 Years Ago
Rated 1 star based on 1 vote
Options