US K-1 Partner Alloc
Allocate partnership income/loss and roll forward partner capital accounts for Schedule K-1 (Form 1065)
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US K-1 Partner Alloc
Allocate partnership income/loss and roll forward partner capital accounts for Schedule K-1 (Form 1065)
Allocate partnership income/loss and roll forward partner capital accounts for Schedule K-1 (Form 1065)
Key Features
Partnership & partners - record each partner with
Partnership & partners - record each partner with three independent ratios: ownership %, profit-sharing % and loss-sharing % (they may differ). Each ratio is validated to total 100 %.
Period allocation run - capture the partnership's separately
Period allocation run - capture the partnership's separately-stated items (ordinary business income, net rental real estate, interest, ordinary & qualified dividends, royalties, short- and long-term capital gains, §179 deduction, guaranteed
Special allocations (§704(b)) - override the default ratio
Special allocations (§704(b)) - override the default ratio for a specific item and partner; the un-specified residual is re-spread across the remaining partners pro-rata so every item still reconciles to 100 %.
Capital-account roll-forward - per partner the worksheet rol
Capital-account roll-forward - per partner the worksheet rolls beginning + contributions + allocated income - allocated losses - distributions = ending on a §704(b) book basis, and the total ties to the partnership.
K-1 data worksheet - one record per partner
K-1 data worksheet - one record per partner exposing the Schedule K-1 box amounts (boxes 1-13) plus the Item L capital-account analysis.
Screenshots
Capital Accounts
Partnerships
Allocation Runs
K 1 Worksheets
Why Choose This Module
Allocate a partnership's net income / loss and every separately-stated item to its partners and maintain a tying §704(b) capital-account roll-forward, ready for Schedule K-1 (Form 1065) preparation.
Specifications
- Compatible: Odoo 18.0 / 19.0 / 20.0
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Update date: 2026-07-02
User guides (PDF)
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