What is the form used for? :
- Schedule B-1 (Form 1065) is used by partnerships to provide the information applicable to certain entities, individuals, and estates that own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership.
Is the form Supported in our program? Yes
How to access the form: To access the form you will need to open a 1065 return on the desktop and then go to Add Form/Display then in the look for box type Sch B1.
Limits to the form: This form can only be accessed from the desktop software. This form cannot be copied.
IRS Publication: https://www.irs.gov/forms-pubs/about-schedule-b-1-form-1065
