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Level 1
April 5, 2023
Question

How to enter k-1 information for 1065

  • April 5, 2023
  • 1 reply
  • 10 views
I am new to Proconnect. working on 1065 return.  Where do I enter the partner begining capital and cash contributed during year?
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1 reply

IntuitRebecca
Level 6
April 5, 2023

Hi there,

You enter the totals for all partners on the Sch M-2 (Capital Account) input screen first. Then, use the Special Allocations tab at the top to allocate the amounts to each partner.

This article should help you out: https://proconnect.intuit.com/support/en-us/help-article/form-1065-schedule-k-1/specially-allocate-capital-accounts-proconnect/L1nRo3ak9

- Rebecca