Skip to main content
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
  • 3 views

I'm a little lost.. 

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?

 

    This topic has been closed for replies.

    1 reply

    qbteachmt
    Level 15
    June 13, 2020

    You posted this three times. This specific location is Community Suggestions, not tax prep. Please keep to your topic at this link:

    https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/how-do-you-report-the-gift-of-a-capital-interest-in-a-1065-to/01/89097#M7784

    Let's not post multiple times in the community for the same one issue. Thanks.

    Don't yell at us; we're volunteers