Some items reported on your Schedule K-1 (Form 1041) may need to be entered directly into a specific form instead of the K-1 entry screen. Below is a list of items that are not entered directly into Form 1041, Schedule K-1 entry within the program. Please use the links to find the appropriate location to record the specific income or deduction.
Box 9 Click here to view the Beneficiary's Instructions regarding Box 9
|
Code |
Description |
Where to Place Item on Return |
|
A |
Depreciation |
Program does not support the option to add this field |
|
B |
Depletion |
Program does not support the option to add this field |
|
C |
Amortization |
Program does not support the option to add this field |
Box 11 Click here to view the Beneficiary's Instructions regarding Box 11
|
Code |
Description |
Where to Place Item on Return |
|
E |
Net Operating Loss |
Form 6251 (Alternative Minimum Tax), Line 11 |
Box 12 Click here to view the Beneficiary's Instructions regarding Box 12
|
Code |
Description |
Where to Place Item on Return |
|
B |
AMT adjustment attributable to qualified dividends |
Program does not support the option to add this field |
|
C |
AMT adjustment attributable to net short-term capital gain |
Program does not support the option to add this field |
|
D |
AMT adjustment attributable to net long-term capital gain |
Program does not support the option to add this field |
|
E |
AMT adjustment attributable to unrecaptured section 1250 gain |
Program does not support the option to add this field |
|
F |
AMT adjustment attributable to 28% rate gain |
Program does not support the option to add this field |
|
G |
Accelerated depreciation |
Federal Section > Other Taxes > Alternative Minimum Tax |
|
H |
Depletion |
Federal Section > Other Taxes > Alternative Minimum Tax |
|
I |
Amortization |
Federal Section > Other Taxes > Alternative Minimum Tax |
|
J |
Exclusion items |
Program does not support the option to add this field |
Box 13 Click here to view the Beneficiary's Instructions for Box 13
|
Code |
Description |
Where to Place Item on Return |
|
C |
Low-income housing credit |
Program does not support the option to add this field |
|
D |
Rehabilitation credit and energy credit |
Program does not support the option to add this field |
|
E |
Other qualifying investment credit |
Program does not support the option to add this field |
|
F |
Work opportunity credit |
Program does not support the option to add this field |
|
G |
Credit for small employer health insurance premiums |
See the beneficiary's instructions |
|
H |
Biofuel producer credit |
Program does not support the option to add this field |
|
I |
Credit for increasing research activities |
Program does not support the option to add this field |
|
J |
Renewable electricity, refined coal, and Indian coal production credit |
Program does not support the option to add this field |
|
K |
Empowerment zone employment credit |
Program does not support the option to add this field |
|
L |
Indian employment credit |
Program does not support the option to add this field |
|
M |
Orphan drug credit |
Program does not support the option to add this field |
|
N |
Credit for employer-provided child care and facilities |
Program does not support the option to add this field |
|
O |
Biodiesel and renewable diesel fuels credit |
Program does not support the option to add this field |
|
P |
Nonconventional source fuel credit |
Program does not support the option to add this field |
|
Q |
Credit for employer differential wage |
Program does not support the option to add this field |
|
R |
Agricultural chemicals security credit |
Program does not support the option to add this field |
|
S |
Energy efficient appliance credit |
*This credit is no longer available after December 31, 2013 |
|
T |
Credit for employer differential wage payments |
Program does not support the option to add this field |
|
U |
Recapture of credits |
Program does not support the option to add this field |
|
Z |
Other credits |
Program does not support the option to add this field |
Box 14 Click here to view the Beneficiary's Instructions for Box 14
|
Code |
Description |
Where to Place Item on Return |
|
B |
Foreign taxes |
1) Federal Section > Credits > Foreign Tax Credit OR 2) Federal Section > Deductions > Itemized Deductions > Taxes You Paid > Other Taxes |
|
C |
Qualified production activities income |
Form 8903, line 7, column b Federal Section > Deductions > Adjustments > Domestic Production (Form 8903) |
|
D |
Form W-2 wages |
Form 8903, line 17 Federal Section > Deductions > Adjustments > Domestic Production (Form 8903) |
|
E |
Net investment income |
Form 8960 line 4a Supported Entry: Federal Section > Income > Less Common Income > K-1 Earnings > Schedule K-1, 1041 Box 5 (Add to 'Other portfolio and nonbusiness income') |
|
G |
Foreign trading gross receipts (IRC 942(a)) |
Program does not support the option to add this field |
|
H |
Adjustment for section 1411 net investment income or deductions |
Program does not support the option to add this field |
|
I |
Section 199A Information |
See the beneficiary's instructions. Generally the trust or estate will provide information you need to help figure your deduction |
|
Z |
Other Information |
See the beneficiary's instructions |