Drake Tax - K1 or K1E Screen: ID Number

Article #: 13353

Last Updated: October 21, 2024

 


Tags: Drake Tax 1120S K1

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A partner, shareholder, or beneficiary does not have an ID number

In most cases, a valid identification number (SSN, EIN, or ITIN) must be entered on the K1 or K1E screen for each partner, shareholder, or beneficiary.

1065

If a partner has applied for an EIN, SSN, or ITIN, enter APPLD FOR in the ID number field.

Important  Per IRS, the entry FOREIGNUS is no longer a valid entry for e-filing purposes starting with 2023. EF Message 0301 generates to prevent e-file until a valid entry is made.

1120-S

If a shareholder has applied for an EIN, SSN, or ITIN, enter APPLD FOR in the ID number field.

Important  Per IRS, the entry FOREIGNUS is no longer a valid entry for e-filing purposes starting with 2023. EF Message 0701 generates to prevent e-file until a valid entry is made.

1041

In a fiduciary return, choose the applicable scenario for a beneficiary that does not have an EIN, SSN, or ITIN:

  • If a beneficiary has applied for an EIN, SSN, or ITIN, enter APPLD FOR in the ID number field.

  • If the beneficiary is a foreign person subject to Form 1042S withholding, leave the ID number blank and select the Form 1042S check box instead.

Important  Per IRS, the entry FOREIGNUS is no longer a valid entry for e-filing purposes starting with 2023. EF Message 0207 generates to prevent e-file until a valid entry is made.