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 1065 PARTNERSHIP

Our partnership returns provides the complex calculating capabilites you need in an easy-to-use spreadsheet format.

1065 PARTNERSHIP Features Checklist

• 1065 Partnership Features
• 1065 Partnership Forms, Worksheets, and Reports
• 1065 Partnership Automatic Calculations
• 1065 Partnership State and Local Software
• 1065 Partnership Forms and Schedules

1065 PARTNERSHIP FEATURES

• All 1065 states
• Built-in Electronic Filing
• 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
• Ability to export/import partner information and apportionment data from and to Excel
• Optional Oil and Gas Module
• 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
• Prints a collated partner package with all federal and state forms for each partner
• Ability to enter K-1 information from other pass-through entities on one date entry screen for automatic transfer to forms
• Two-Year Comparison
• Flexible Schedule L and M-1 rounding option
• All state apportionment information form
• Ability to automatically transfer partners' interest

1065 PARTNERSHIP FORMS, WORKSHEETS and REPORTS

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 SOFTWARE

 °   New for 2004

1065 PARTNERSHIP FORMS and SCHEDULES

*   Non-calculating form