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Level 1
August 13, 2020
Question

Does anyone know how to account for a contribution by a pship to a pship when entering the K-1?

  • August 13, 2020
  • 1 reply
  • 10 views
I can enter the activity from the K-1 to the investing partnership but cannot find where to enter the contribution made during the year anywhere other than the M-2.
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1 reply

sjrcpa
Level 15
August 13, 2020

It should increase the Balance Sheet account Investment in Partnership.

It is not an M-2 item.

The more I know the more I don’t know.