4/16/2023 0 Comments Sample of k1 formPrint page 2 of Schedule K- and K-1 codes for 1120S and 1065 (Drake20 and future).for all K-1 schedules, from the Home window of Drake, select the Setup > Options > Form & Schedule Options tab and select the option:.The page 2 code sheet for beneficiaries’ and estates’ K-1s in the 1041 package has not beenĭiscontinued and will look as it has in the past. Page in the K-1 instructions where further information can be found. On the “Supplemental Information” page that is generated with each K-1, and they reference the That actually appear on each Schedule K-1 in the 1120S and 1065 packages. Instead of producing the entire K-1 code sheet, however, Drake Tax now generates only those codes These K-1 codes can still be generated in Drake Tax. The K-1 codes that were on page 2 are now in the Schedule K-1 instructions. The IRS has discontinued page 2 of Schedule K-1 for Forms 1120-S (for S corporations) and 1065.
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