I had a distribution to one of 2 partners during the year and I have that in the partnership return. However it isn’t showing as a reduction of partner capital on the K-1 as it should be. Is this a big or did I not do something correctly? Not easy to navigate this software, seems like a lot of loops. Anyone know how to do this or check what went wrong? Thanks you!
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Enter Forms Mode and try entering the figures on your Schedule K-1 Worksheet.
Enter Forms Mode and try entering the figures on your Schedule K-1 Worksheet.
Thanks. Oddly only myself (1 of the partners) has a K-1 worksheet. Both have the actual K-1’s. No idea how this happened it’s not even the first year of the partnership. Any ideas?
OK I did figure that out, thank you. Hopefully can get the balances to work now also.
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