Drake Tax - 1065 - Schedule K1 - Boxes 22 and 23

Data Entry

Check boxes for boxes 22 and 23 are available on the BAS screen.

• Box 22 - More Than One Activity for At-Risk Purposes

• Box 23 - More than One Activity for Passive Activity Purposes

The required statement attachment will be produced when multiple business activity screens (BAS) are completed (Press Page Down to open a new screen.) Information provided in the statement should be used by the partner to correctly figure at-risk limitations in the individual return.

Review the Partner’s Instructions for Schedule K-1 for more information.

See Drake Tax - Basis, At-Risk, and Passive Activity Limits for information about how these indicators may impact the individual return for the partner.