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You need to go into the partner information section and update the ownership. By entering this along with the date it occurred, TT will perform the correct computation.
Make sure the former partner's K-1 is marked as final.
There are a number of issues that need to be addressed, so depending on the $$ involved you may want to consult with a tax professional:
You need to go into the partner information section and update the ownership. By entering this along with the date it occurred, TT will perform the correct computation.
Make sure the former partner's K-1 is marked as final.
There are a number of issues that need to be addressed, so depending on the $$ involved you may want to consult with a tax professional:
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