How much do i enter when entering partner percentages for a for 1065 for beginning and end of year also the ownership percentage field?

[theobreaux]

What do i enter in these fields f we are 50/50 partners? Should the ownership percentage be equal to 100?

[DanielV01]

Yes.  When preparing the partnership return, the ownership and income/loss fields will be 50/50 (the splits should always add up to 100%, even when it is not a 50/50 split).  The Capital distribution field can vary depending on how much each has put into the partnership and how much each has received in distributions from income.  The ownership itself is 50/50 by agreement.