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Level 2
June 13, 2020
Question

How do you report the gift of a capital interest in a 1065 to another member?

  • June 13, 2020
  • 1 reply
  • 7 views

Partnership 1065 One partner has a remaining Capital Balance of $15,000.00 wants to Gift it to the remaining partners.

 

How do I enter the Gift and remove the partner that is gifting and leaving?

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1 reply

George4Tacks
Level 15
June 13, 2020

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

 

Answers are easy. Questions are hard!