June 1, 2019 4:55 AM
Yes, you can edit the Beginning Capital Account balance for each member in Forms Mode.
Open your return and click the Forms icon in the TurboTax header.
- In the left column, find "Sch K-1 Wks" and click on the form name to open it in the large window.
- Just beneath the partner information, you will see columns for Capital and Basis, starting with "Beginning of Year."
- Edit the numbers as needed.
- Scroll down within the worksheet and repeat steps 2-3 for each member.
- To return to working on your return, click Step-by-Step in the header.
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