Upon reviewing my return details, I see on the Partner's Share %'s (Part II, section J) for the Beginning of the year is filled in (I presume carried from prior year), but end-of-year %'s are blank.
Also, section L has the Partner's Beginning capital account, but nothing is filled in for the activity for the year (income and distributions), and the Ending capital account balance is the same as Beginning, which is not correct.
The activities for the year are correct in Part III. I would expect the activity amounts to feed into the Partner's Capital Account, but they don't.
I went back and looked at previous year's return, and everything looks good there.
Did I incorrectly answer one of the questions in TurboTax, that is causing this?
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If you're using TurboTax for Desktop, you can complete Schedule K-1 Part II using Forms Mode. Otherwise, the Step-by-Step interview doesn't ask for that information after the first year.
The activity amounts you enter from the K-1 aren't used to populate the capital account section.
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