Form K-1 Equity Reconciliation Not In Balance

[amimaki]

I am using Turbo Tax For Business for 2024 Form 1065.  I completed the step-by-step approach and Balance Sheet, Capital Reconciliation, it says In Balance.  I filed the Form 1065.  But I just reviewed the Form 1065 K-1, the Withdrawals and Distributions are not reflected in the M-2 and each respective Partners' K-1.  Why the difference?  And why would Turbo Tax allow it to transmit with this discrepancy?

[PatriciaV]

Where did you enter the distribution information? This is found for each partner under Business Info >> Partner/Member Information >> Member Summary.

Or this can be entered directly using Forms Mode on the Schedule K-1 Worksheet, again for each partner (first column under Capital).

If distributions were not entered under one of these two topics, nothing would appear on Schedule K-1 Part L for Withdrawals and Distributions.