Question

Schedule K-1 (Forms 1065, 1120-S, and 1041) - Number of Forms Supported

Accepted Answer

The TaxAct^® 1040 program supports the following number of Schedules K-1:

50 - Partnership Schedule K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc.
50 - S-Corp Schedule K-1 (Form 1120-S) Shareholder's Share of Income, Deductions, Credits, etc.
8 - Estate Schedule K-1 (Form 1041) Beneficiary's Share of Income, Deductions, Credits, etc.

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