Support CenterHow to enter Unreimbursed Partner Expenses in SureFire - How to enter Unreimbursed parnter expenses.These instructions are found in the F1 help in SureFire.Unreimbursed partnership expenses.The IRS requires that each of the items above be reported on a separate line on line 28. If you fail to d
Unreimbursed partnership expenses.
The IRS requires that each of the items above be reported on a separate line on line 28. If you fail to do this, the IRS may send the client a notice of additional tax due because the amounts reported by the partnership or S corporation on Schedule D-1 do not match the amounts reported by the client on the tax return.
Since SureFire fills in line 28 from K-1 worksheets, you should create a K-1 P/S worksheet for each of these items. It should be the first, second, or third K-1 worksheet you complete, so that it does not get combined with the fourth and all other K-1s on line 28D. On the K-1 worksheet, enter the applicable information, as follows:
Enter PYA (prior year amount) or UPE (unreimbursed partnership expenses) in the Name of partnership or S corporation field,
Enter P (partner) or S (shareholder) in the P/S field, and
Enter the Federal ID (employer identification number).
Close the K-1 worksheet and open Schedule E, page 2. On the line where the K-1 data calculates, enter the applicable amount in the correct column, according to the IRS instructions for Schedule E, line 27. You will have to press F8 on the field to override before you can type the amount.
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