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liam101
Returning Member

What is FORMULA% on K-1?

Under partner's share of profit section on K-1, both profit and loss are FORMULA% and capital is 1%. What is FORMULA%? Is it 0%? There are other sections that are blank and don't have any info such as capital contributed during the year and the increase (decrease). Is it '0' for those sections as well? Thanks!

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1 Reply
PatriciaV
Employee Tax Expert

What is FORMULA% on K-1?

Please clarify if you received Schedule K-1 with missing information or are you preparing a business return that includes K-1s with missing information.

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