Partner Capital Acct

[OldCarGuy]

i just noticed that when i e-filed the LLC return a few weeks ago, the partner capital acct info did not flow through -- income and distributions etc are correct

--now that i updated the info, do I need to send an amended return

[Anonymous_ · Accepted solution]

Note the following:

You aren’t required to complete item L if the answer to question 4 of Schedule B is “Yes.” If you are required to complete this item, also see the instructions for Schedule M-2, later.

See https://www.irs.gov/instructions/i1065#idm140377965224240

[OldCarGuy]

ah yes -- now i see it -- we are too small to report

so even though i filled it out, Turbo Tax left it blank -- must be a new automatic feature this year

thanks

jim