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M
Meloni11
Level 2
February 14, 2023
Question

Delaware Partnership Return

  • February 14, 2023
  • 1 reply
  • 11 views

Anyone getting this message this message on the Delaware Partnership Return and know how to fix it?

"Beginning profit %. of a partner or member's beginning and/or ending profit percentage can't be 100%"

It was fine last year.

 

This topic has been closed for replies.

1 reply

I
IntuitMark304
Level 6
February 15, 2023

I don't have a lot of information to work with here, but my hunch is that you are filing a partnership return with only one partner.    Please review the definition of a partnership for tax purposes and determine if your scenario is eligible as a partnership at this time.  The link below should be helpful.  

https://www.irs.gov/businesses/partnerships

Attached a screenshot I think that replicates your error.  

 

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