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ericaustincpa
Level 2
June 2, 2020
Question

I input the beginning basis for each LLC member in the partner information section, why is it not reflected in the K-1?

  • June 2, 2020
  • 2 replies
  • 5 views
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2 replies

sjrcpa
sjrcpa
Level 15
June 2, 2020

There is no field on the K-1 for basis. There is a field for beginning capital account, which usually is not equal to basis.

The more I know the more I don’t know.
    qbteachmt
    qbteachmt
    Level 15
    June 2, 2020

    You've asked 4 times. Your original is here:

    https://proconnect.intuit.com/community/proconnect-tax-online-discussions/discussion/why-is-the-individual-beginning-capital-account-amount-on-the-k/01/87317#M7433

     

    Please stop asking again and again. Stay with the original topic. Thanks.

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