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K-1 interest doesn't calculate to Schedule B

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📊 Step-by-Step Guide

Step 1: Check where the K-1 data is going

Look carefully at the forms and lines to which K-1 information will carry, as shown on-screen in the Where entered column. If you have made a manual entry directly on one of these lines prior to completing the K-1, the K-1 information will have nowhere to go.

Step 2: Understand the estimated/override behavior

When there is manually entered data in an entry and K-1 data transferring to the same entry, Sure-Fire does two things:

• Sure-Fire allows the manually entered data to override the K-1 data. The entry is automatically marked as overridden.
• Sure-Fire flags the entry as estimated. The estimated status alerts you that there is a problem with the entry and will prevent the form from checking off as complete.

Step 3: Un-estimate and allow K-1 transfer

Press Shift+F3 to un-estimate the entry. Then press Shift+F8 to allow the K-1 data to transfer in. The entry should then look like a normal calculated entry (yellow text).

Step 4: Re-enter manual data if needed

The manually entered data will have to be re-entered, if appropriate.

Step 5: Best practice

We strongly recommend that you complete K-1 Worksheets before making any entries on forms to which K-1 data carries.

Tags: install,federal,form