How do I allocate Gross Nonfarm Income to only 2 individual partner K1s and none to the corporate partner's K1?
I'm new to ProConnect Tax Online. I'm working on a partnership return that has 2 individual general partners and 1 corporate limited partner. I need to allocate the Gross NonFarm Income to the 2 individual partners (33.3% each) and none to the corporate partner. I've tried using the special allocation screen to input the dollar amount allocations to the 2 individual partners and putting in $0 for the corporate partner - this leaves an unallocated amount equal to 33.3% of the total. No matter what I do, the program still wants to allocate all of the dollar amount and puts the unallocated portion into one of the individual partner's K1, thus giving them 66.66% of the total. I've tried researching this and from all accounts, it seems I'm doing it correctly on my end. Has anyone else run into this issue and figured out a way to have this show correct on the K1s?
