Schedule K-1 for 1065 - Drake Software

Form 3115, Application for Change in Accounting MethodDrake Software User’s ManualAttachmentsAttached statements are required for many Form 3115 items. Depending on the natureof the attachment, you will attach statements to the form in one of two primary ways:• From Data Entry — The ATT screen is the most common screen for attachingstatements to Form 3115. The ATT2 screen is used for Part II, line 12, and PartIII, line 23b. (See the “Parts I and III” and “Parts II and IV” sections of this documentfor more information on completing the ATT2 screen for these items.)• From View mode — Used for PDF attachments.ATT ScreenAttachmentsThere are two ways to access the ATT screen in Drake:• From the Data Entry Menu — In the Change in Accounting Method section ofthe Other Forms tab, click ATT.• From the line that requires an attachment — As shown in Figure 48, somelines have attachment links. Click an attachment link to open the ATT screen.NOTEFigure 48: Attachment links from Schedule C (screen A, B, C)Not all lines that require statements include a link to the ATT screen.Always check the field-level help (click F1 in a field) to determine if astatement is required. The program produces an EF Message if anyrequired statements are missing.Complete the following ATT fields, as applicable, for all ATT screen attachments:• Multi-form codes — Use these boxes to associate the attachment with aninstance of Form 3115 (if the return contains more than one), a particular ScheduleE property (if the return contains more than one Schedule E), or both. (See“Multi-form Codes” on page 53 for more information on multi-form codes.)• Schedule — Select the line of the form or schedule with which the attachment isto be associated. If an item begins with a number, it refers to the part of Form 3115(for example, 2-4e refers to Part II, line 4e). If it begins with a letter, it refers to aparticular Form 3115 schedule (for example, C2-b refers to Schedule C, line 2b;C2-5 refers to Schedule C, Part 2, line 5).• Explanation — Enter the statement explanation. If the explanation requires morethan 900 characters, press PAGE DOWN for a second screen.NOTEIf the explanation requires more than seven screens, only the first 6,500characters of the explanation are transmitted with an e-filed Form 3115.There is no character limit for paper-filed returns.60 Tax Year 2011