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Level 1
May 24, 2021
Question

Partner Capital

  • May 24, 2021
  • 1 reply
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I have correct partner basis worksheets but can't find where to input beginning capital, current partner contributions and distributions for a correct Section L on K-1s and the 1065 beginning and ending balance sheets.  Online chat and customer support answers have reflected people reading a manual and having no idea about what I'm talking about.  HELP!  Please!

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1 reply

George4Tacks
Level 15
May 24, 2021

Are you preparing the 1065? If so. in the search box at the top of the left column, enter BASIS and go to the first hit. Partner Information > Partner Basis Worksheet > Completer for each partner. 

Answers are easy. Questions are hard!