| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1467 |
| Technical Name |
us_k_1_partner_allocation_worksheet |
| License | OPL-1 |
| Website | https://pokutsoft.com |
| Versions | 18.0 19.0 |
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
- License: OPL-1
- Languages: English
- Author: Pokutsoft
- Dependencies: account
- Support: support@pokutsoft.com
Update date: 2026-07-02
| Availability |
Odoo Online
Odoo.sh
On Premise
|
| Odoo Apps Dependencies |
•
Invoicing (account)
• Discuss (mail) |
| Lines of code | 1467 |
| Technical Name |
us_k_1_partner_allocation_worksheet |
| License | OPL-1 |
| Website | https://pokutsoft.com |
Odoo Proprietary License v1.0 This software and associated files (the "Software") may only be used (executed, modified, executed after modifications) if you have purchased a valid license from the authors, typically via Odoo Apps, or if you have received a written agreement from the authors of the Software (see the COPYRIGHT file). You may develop Odoo modules that use the Software as a library (typically by depending on it, importing it and using its resources), but without copying any source code or material from the Software. You may distribute those modules under the license of your choice, provided that this license is compatible with the terms of the Odoo Proprietary License (For example: LGPL, MIT, or proprietary licenses similar to this one). It is forbidden to publish, distribute, sublicense, or sell copies of the Software or modified copies of the Software. The above copyright notice and this permission notice must be included in all copies or substantial portions of the Software. THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT. IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM, DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE, ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER DEALINGS IN THE SOFTWARE.
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