Support CenterWhy is the Sec199a income not flowing from the shareholder's Form Sch K-1
🔍 Why is the Sec199a income not flowing from the shareholder's Form Sch K-1?
This guide helps you check the Form Sch K-1 settings to confirm why Sec199a income may not be flowing as expected.
⚠️ Before You Begin
You will need access to the shareholder’s Form Sch K-1 and the ability to save the return.
đź“Š Step-by-Step Guide
Step 1: Go to Form Sch K-1
Use this to open the shareholder’s K-1 where the Sec199a income should flow.
Go to Form Sch K-1.
Step 2: Verify the rounding/designation question at the bottom of the form
Use this to confirm whether the remaining amounts are being assigned to the correct K-1.
Verify that the question at the bottom of the form:
Because of rounding, the total of all K-1 entries when added together may differ from the amounts listed on the 1120S, pages 2 and 3. If you wish, you can designate ONE K-1 to receive the remaining amounts by checking this box.
checkbox isnot marked.
Step 3: Save the return
Use this to ensure your changes are applied.
Select the File menu, then Save Return.
đź“ž Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form