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Partnership Returns Including 5 K-1s, and State
1065 Data Sheets
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1065 PARTNERSHIP FEATURES
- All 1065 states
- Electronic Filing Federal & State (If state has capability)
- Handles multiple changes to profit sharing, loss sharing, and ownership of capital during the year for each partner, using a weighted average calculation
- Summary of rent and royalty properties
- Allocates any item based on absolute dollar, percentage, the greater of an absolute dollar amount or a percentage, or any combination
- Handles short-year and 52/53 week partnerships
- Ability to automatically transfer partners’ interest
1065 PARTNERSHIP FORMS, WORKSHEETS and REPORTS
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1065 PARTNERSHIP AUTOMATIC CALCULATIONS
- Depreciation and amortization book/tax differences for Schedule M-1
- Reconciliation of Schedule L and Schedule M-2
- Section 179 expense limitations based on income and absolute statutory limit
- Self-employment net earnings for each partner
- Depreciation and section 179 recapture on sale of assets
- Calculation of recapture amounts under section 179 and 280F(b)(2) when business use of an asset drops to 50% or less
- Book Income
- Partner’s share of liabilities on Schedule K-1, line F
- Travel and entertainment limitations
- Ability to complete many composite returns
1065 PARTNERSHIP STATE and LOCAL
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1065 PARTNERSHIP FORMS and SCHEDULES
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1065 |
4255 |
8271 |
8716 |
8824, Pg. 2 |
8873 |
