For overview information about the Schedule K-1 (Form 1120S) click here.
To enter a K-1 (Form 1120S) in Keystone Tax Solutions from the Main Menu of the Tax Return (Form 1040) select:
- Federal Section
- Income Menu
- Other Income
- K-1 Earnings – Select ‘Begin’ next to Schedule K-1 (Form 1120S).
NOTE: This is a guide on entering Schedule K-1 (Form 1120S) into the Keystone Tax Solutions program. This is not intended as tax advice.
Additional Resources:
Shareholder’s Instructions for Schedule K-1 (Form 1120S)
ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Entity Information
ProWeb – Form 1040 – Schedule K-1 (Form 1120S) – Income