Form 1065 & K1 Processing

The 1065/K1 module allows you to print partnership tax returns for your partnerships defined in SherWare. It will create a Form 1065 for each partnership and a K1 form for each partner in the partnership.

The module has this limitation:
This module assumes that the partnership's total receipts for the year were less than $250,000 and the total assets were less than $1,000,000 and that the partnership is not required to file Schedule M-3.

This is part of the 1065 and K1 Module, an optional module. Contact SherWare, Inc. if you are interested in adding this capability to your software program.

Form 1065
http://www.irs.gov/pub/irs-pdf/f1065.pdf
Form 1065 Instructions
http://www.irs.gov/pub/irs-pdf/i1065.pdf
Schedule K-1 (Form 1041)
http://www.irs.gov/pub/irs-pdf/f1065sk1.pdf
Schedule K-1 (Form 1041) Instructions
http://www.irs.gov/pub/irs-pdf/i1065sk1.pdf

1065 & K1 Processing:

Create Form 1065 & K1 Records
Modify Form 1065 Records
Print Form 1065
Modify Form K1 Records
Print Form K1