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Article #: 19013
The Schedule B – Other Information screen selections and answers impact Drake Tax – 1065 – Analysis of Net Income or Loss.
Question 2 contains a hyperlink to the Schedule B1 – Other Information (Lines 2a and 2b) screen. You can manually enter information about the partners that own 50% or more of the partnership on that screen, or use the Schedule B-1 section on each partner’s K1 screen instead:
Important If information is entered in the Schedule B-1 section of screen K1, and screen B1 entries are present for the same partner, the information will be duplicated in View/Print mode. Navigate to the B1 screen and remove the duplicate entries, then view the return to verify that the Schedule B-1 is produced as expected.
For further information, see the 1065 instructions and Schedule B-1 (1065).