Partner Information
How should the profit/loss/capital percentages be entered?
What is a decimal.
What interview form is used to fill out the 8824?
What is D-6?
What does the acronym LLC stand for?
What is Limited Liability Corporation?
In interview, where is line 18 of 1065, pg 1 entered?
What is A-3, box 153?
What government form is used to report depreciation and amortization?
What is the 4562?
In Interview, where can you code the partner entity type?
What is K-1, box 103.
What interview form is used to produce the 4797?
What is the D-1?
What type of partner has their liability limited to what they have contributed to the partnership?
What is Limited Partner?
The net gain or loss on 1065, pg 1, line 6 comes from what line on the 4797?
What is line 17?
The life for an amortized asset is entered as what?
What is Months?
Will a grantor trust compute self-employment income? (Hint: use F1 on K-1, box 103.)
What is Yes?
In worksheet view, what property code is needed to produce Sch D on Income/Deductions>Gains and Losses>Detail>Capital Gains and Losses, line 2?
What is CAP?
When are 1065 returns due?
What is the 15th day of the 3rd month after the year end date?
In interview, where is the state and city tax accrual option located?
What is Form 2, box 101?
In interview, where do you lock the depreciation calculation?
What is DP-9, box 47?
Should Partner>Partner Information>Detail>Basic Partner Data, line 10 be filled out if they have a US residence?
What is No?
A loss that was held for less than a year would go to which part of the 4797?
What is Part II?
What shortcut key will pull up the cross-reference?
What is F1?
Will a statement be created automatically if there is an amount on 1065, pg 1, line 20?
What is Yes?
In worksheet view, where can you enter the Section 179 amount you want to take for a business asset?
What is Income/Deductions>Business>Other Depreciation and Amortization>Detail, line 10.
In worksheet view, where can you select that the partner is a General partner?
What is Partner>Partner Information>Detail>Basic Partner Data, line 16?
In worksheet view, where do you check to have the Sec 179 Recapture treated as depreciation?
What is Income/Deductions>Section 179/280F Recapture/4684 ELF>Section 179 and 280F Recapture, 4684 ELF, line 3.
Where are the fiscal dates entered in interview?
What is interview form 1 boxes 60 and 61?
In worksheet view, where do you enter the guaranteed payments on 1065, pg 1, line 10?
What is Income/Deductions>Business>Deductions, line 3?
In worksheet view, where can you enter the override for 4562, line 11?
What is General>Depreciation/Depletion Options and Overrides>Depreciation Options and Overrides, line 29.