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Intuit Community Champion
April 10, 2024
Discussion ongoing

1065 option to show capital account analysis on K-1s without forcing Schedules L, M-1, and M-2 also.

Related products:ProConnect
  • April 10, 2024
  • 1 reply
  • 3 views

On a 165 partnership return where you are opting out of including Schedules L, M-1, and M-2 on the return, most tax software allows you to still show the capital account analysis on K-1s.  

Please give us a way to output the capital account analysis on K-1s, but still opt out of using Schedules L, M-1, and M-2. 

1 reply

Level 7
April 13, 2024

Thanks for the idea to add a way to output the capital account analysis on K-1s, but still opt out of using Schedules L, M-1, and M-2.  . We are changing the status to "Open for voting".

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