Skip to main content
Level 2
August 19, 2021
Question

Form 1065 Schedule K-1

  • August 19, 2021
  • 1 reply
  • 13 views

Is there a way to input a partner's capital, profit and loss %'s so that it show's in Box J on Form K-1 as "various" ?

This topic has been closed for replies.

1 reply

Level 15
August 19, 2021

Various?  It asks for the beginning and ending percentages.  How can the beginning or ending be "various"?

 

Level 2
August 19, 2021

Yes I understand, but similar to Form 8949, when they ask purchase and sales date if we enter -1 it will show as various; just would like to know if there is an input here that would show various on the K-1 under %'s

George4Tacks
Level 15
August 19, 2021

Even if there were a number of transactions on the opening date, there still would have been a specific number at the opening of that date. That percentage should be shown. At the end of day of the ending period there should likewise be a specific number. I see no way that various belongs there and I no way to make Lacerte show such a thing. 

Answers are easy. Questions are hard!