Drake Tax - 1065: Item F Total Assets
Article #: 10104
Last Updated: October 21, 2024
It is not required if the answer to Schedule B, question Does partnership meet all requirements listed for question 4 of Form 1065? is Yes.
You can use the PRNT screen line Form 1065, Item F - Total Assets to override the total asset amount carried from Schedule L.
Note If you select the option on the PRNT screen to Force Schedules L, M-1, M-2, & K-1 Section L, the total assets will also print in Item F.