Drake Tax - 1065: Basis for General Business Credit
Article #: 10358
Last Updated: September 04, 2026
Return Note 353 appears in a 1065 return alerting you that an adjustment may be needed due to business credits taken on the return.
On a 1065 return, on each K1 screen > Basis Wks tab on line 8a Nondeductible expenses and credit adjustments.