Support CenterOn Form 1040
🔍 On Form 1040
This guide explains what to do when the Schedule B (Sch B) was added before completing the K-1 worksheet, and how to correctly work with K-1 worksheets in SureFire.
⚠️ Before You Begin
You may need to temporarily remove the Dividend Statement so you can restore the missing K-1 information correctly.
📊 Step-by-Step Guide
Step 1: Go to Schedule B
Use this when you need to access the Dividend Statement.
Go to the schedule B,
Step 2: Open the Dividend Statement
Use this to view the statement that was added before completing the K-1 worksheet.
Click on the Dividend Statement
Step 3: Save the Dividend Statement information
Use this so you can re-enter the information after removing the statement.
Make a note or write the information on paper, or print this page, you will remove this statement, but you will need to add back this information
Step 4: Remove the Dividend Statement form
Use this to clear the statement so the missing K-1 information can be restored.
Right click on the Dividend statement and click on remove form
Step 5: Run diagnostics and confirm the K-1 information returns
Use this to force SureFire to recalculate and bring back the missing K-1 information.
Run diagnostic, click back on the space where you had the dividend statement, you will see that the statement comes back with the K-1 information that was missing
Step 6: Re-enter the Dividend information you removed
Use this to restore the dividend details after the K-1 information is back.
Re-enter the information that you deleted
Step 7: Review state refund information
Use this to prevent incorrect state amounts due to the change.
You will notice that the taxpayer, may have an amount due for the state, remove all the refund information that you entered for the state or fix the state return as needed
📝 Working with K-1 Worksheets
✅ Important Rules for Entering K-1 Information
There are two important rules for entering K-1 information in SureFire:
- Fill in K-1 worksheets before you enter data manually on Schedule B, Schedule E, and other schedules and forms to which K-1 information calculates. This enables SureFire to calculate the K-1 amounts to the correct line.
- If you are using a statement on a line where K-1 amounts have calculated, you must enter the K-1 amount on the statement in order for it to be included on that line. SureFire will display the amount that you enter on the statement. Some places where this applies are Schedule 1 (Form 1040), line 21; Schedule A, lines 23 and 28; and Schedule B, lines 1 and 5.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form