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TaxPandaCPA
Level 4
March 10, 2026
Question

how to show Gifting Partnership interests in Proconnect

  • March 10, 2026
  • 0 replies
  • 2 views

It's a final‑year partnership return for a partnership (Form 1065), and encountered a software / technical question.

Specifically, Partner A gifted his membership interest to Partner B in 2025 June, and I want to ensure I’m properly reflecting the transfer and its impact on the final return. I would really appreciate the opportunity to pick your brain on the how to allocate the capital account balance in proconnect.

I did zero out partner A's profit and loss and capital account balance at year end.

Thank you in advance, and I appreciate your time.