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L
lev
Level 1
June 5, 2020
Question

How do I adjust capital accounts to reflect contribution?Partnership w/ 2 members. 1 member contributed $150K, 2nd member,$0. Now,capital accts based on interest.

  • June 5, 2020
  • 2 replies
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2 replies

IRonMaN
IRonMaN
Level 15
June 5, 2020

What the partners originally put in can't change unless you have a time machine to go back to the day of the contribution.

Slava Ukraini!
    itonewbie
    itonewbie
    Level 15
    June 5, 2020

    If you don't mean retroactively adjust but to show the proper allocation (e.g. because it's a new return), you can enter that on the Special Allocations tab in either Amount or Percentage.

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