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Get your taxes done using TurboTax
TurboTax allows you to update your Capital Account Information during the Schedule K-1 interview process. You'll find this under Federal Income & Expenses >> S-corps, Partnerships, and Trusts.
After choosing what type of partner you are, you should see three pages (entries are optional)k:
- Percentage of Your Share
- Liability Share
- Capital Account Information
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March 14, 2022
11:51 AM