Indicate K1 as publicly traded partnerships (PTPs)

Do the following steps to indicate that a K1 is from a publicly traded partnership. UltraTax CS properly reports income, losses, and credits from the PTP on the forms, schedules, and worksheets.
  1. Go to the
    K1
    screen.
  2. Enter
    3
    in the
    Type of entity
    field.
UltraTax CS/1120 provides a PTP Passive Activity Deduction Worksheet and a PTP Passive Activity Credit Worksheet to help track losses and credits for each PTP in a client's return.

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close