Schedule K-1, item J entry

You can enter
Blank
,
Formula
,
Various
, or
0 percent
for Schedule K-1, item J. To display text on printed versions of Schedule K-1, enter text in the
Description
field in the Partner Percentages section on the
K1Misc
screen.
Electronic filing specifications dictate that Schedule K-1, item J percentages must be expressed as a percentage and must be positive and fall between zero and 100 percent. The electronic file uses the calculated percentages. Refer to the Schedule K-1 Percentages Summary Worksheet to review the percentages that the electronic file will use.
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