Schedule K-1 for 1065 - Drake Software

Overrides WorksheetOverride LocationScreen/Line Field Name Location of Information Being Overridden1065Overrides Form 4562 line 12 (If Method M is chosen there must179 expense ALLOWED this year, Federalbe an entry made on line 179 expense elected this year orMethod EXP must be used). Overrides amount calculated forWK_S179L.179 expense ALLOWED this year, Book (if different)Overrides the calculated book amount and the amount for theWK_S179L."ForceOverrides convention determined by the dates of assets placedPlaced in Service and Like-Kind Exchange Infoconvention"in service during the year."Do not useOverrides how the system calculates depreciation for the "Life"MACRS % Placed in Service and Like-Kind Exchange Infoand "Method" columns of the Depreciation Detail Listing.tables"6 4562 Part 11 1 Maximum amount if greater than $250000Overrides the maximum of 179 expense for 2009 of $250,000 online 1 of Form 456222 Total cost of sec 179 property placed in service incurrent yearOverrides the software calculated amount of section 179property placed in service during the tax year.18 Total business income Federal Overrides calculated amount on WK_P179L, line 4.Form 34685aQualifying advanced coal project credit, Basis ofinvestment in gasification for section 49A(d)(3)(B)(i)projectsOverrides the cost entered on the 4562 detail screen asdetermined by the code (CA) entered in the Investment creditcode drop list.5b6b11e11g11h11j12a12b12c12iQualifying advanced coal project credit, Basis ofinvestment in coal-based generation for section49A(d)(3)(B)(ii) projectsQualifying gasification project credit, Basis ofinvestment property not included in (a) aboveRehabilitation property, Pre-1936 buildings in the GulfOpportunity ZoneRehabilitation property, Other pre-1936 buildingsRehabilitation property, Certified historic structures inthe Gulf Opportunity ZoneRehabilitation property, Other certified historicstructuresEnergy Credit, Basis of property using geothermalenergy placed in service during 2009Energy Credit, Basis of property using solar illuminationor energy placed in service during 2009Energy Credit, Qualified fuel cell property: Basis ofproperty installedEnergy Credit, Qualified microturbine property: Basis ofproperty installedOverrides the cost entered on the 4562 detail screen asdetermined by the code entered in the Investment credit codedrop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code entered in the Investment credit codedrop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RA) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RB) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RC) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (RD) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EA) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EB) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (EC) entered in the Investment creditcode drop list.Overrides the cost entered on the 4562 detail screen asdetermined by the code (ED) entered in the Investment creditcode drop list.Form 6478 - Alcohol and Cellulosic Biofuel Fuels Credit2Alcohol 190 proof or greater and alcohol 190 proof orgreater in fuel mixturesOverrides the default rates. Refer to form instructions.3Alcohol less than 190 proof but at least 150 proof andalcohol less than 190 proof but at least 150 proof in Overrides the default rates. Refer to form instructions.fuel mixtures4Qualified cellulosic biofuel produced after 2008 that isalcoholOverrides the default rates. Refer to form instructions.Form 8609 - Low-Income Housing Credit Allocation & Certification2Schedule A - Annual Statement, Override of computedrateOverrides computed rate.K1P Schedule K-1 for 1065