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Level 3
April 8, 2024
Question

Where do I enter capitlal contributed during the year for a partnersip in an individual return?

  • April 8, 2024
  • 1 reply
  • 6 views

My client has a new K-1 for a partnership.  He contributed capital at the beginning of the year.  Where do I enter the amount contributed? 

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    1 reply

    Level 5
    April 8, 2024

    In the K-1 input screen, the "Basis Limitation" section. 

    -1 for "Adjusted Basis at beginning of year" and $ amount contributed in "Additional amounts invested in activity in current year"