---
title: How Can I Enter Schedule K-1 (Form 1065) Credits in ProWeb? 
description: To enter a K-1 (Form 1065) in the Taxx Savage program
---

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# How Can I Enter Schedule K-1 (Form 1065) Credits in ProWeb?

To enter a K-1 (Form 1065) in the Taxx Savage program: 

- Go to the Main Menu of a Tax Return (Form 1040)
- Proceed to the Federal Section
- Then go to the Income Menu
- Select Other Income
- Select K-1 Earnings - click the Begin option that is next to Schedule K-1 (Form 1065)

More Information concerning the Schedule K-1 (Form 1065) requirements is found in the [Partner’s Instructions for Schedule K-1 (Form 1065)](https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf).

Basic Information on all the parts of the Income section of Schedule K-1 1065 Menu are contained below: 

 **Part III - Partner’s Share of Current Year Income, Deductions, Credits, etc.** 

**Other Deductions** 

- Line 13A - Cash Contributions 50%
- Line 13B - Cash Contributions 30%
- Line 13H - Investment Interest Expense
- Line 13I - Deductions to Royalty Income
- Line 13K - Deductions Portfolio (2% Floor)
- Line 13L - Other Deductions Portfolio
- Line 13M - Amounts Paid for Medical Insurance
- Line 13O - Dependent Care Benefits

Note: This is not tax advice. It is a guide on how to enter Schedule K-1 (Form1065) into the Taxx Savage program. 

**Additional Resources:**

[Partner's Instructions for Schedule K-1 (Form 1065)](https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf)

[ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Overview](https://docs.google.com/document/d/1sCzSTffM3080YHgH1RaG3pKAcy0jCjYXQbGmPn0oM5Q/edit)

[ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Entity Information](https://docs.google.com/document/d/1vtpDiwwCbMzo8OBXRn0k4KDDdG68qvupQ5hLzHqFQjk/edit)

[ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Deductions](https://docs.google.com/document/d/1HPwnPRntpM0L2c1jl7yBIe484M1stVOh4kqGPaTZkr0/edit)

[ProWeb - Form 1040 - Schedule K-1 (Form 1065) - Income](https://docs.google.com/document/d/1V1rpHMtwg7mhRu3aUOLFjD3pBQh2rtwzSR19ymVW_TI/edit)

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